AMAZON COM INC - 07 May 2021 Form 4 Insider Report for Air Transport Services Group, Inc. (ATSG)

Role: 10%+ Owner
Signature: /s/ David A. Zapolsky, Senior Vice President
Issuer symbol: ATSG
Transactions as of: 07 May 2021
Net transactions value: +$131,966,988
Form type: 4
Filing time: 10 May 2021, 16:36:31 UTC
Next filing: 13 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ATSG	Common Stock	Exercise of in-the-money or at-the-money derivative security	$124,647,420	+12,810,629	+1480%	$9.73	13,676,177	07 May 2021	See footnote	F1
transaction	ATSG	Common Stock	Exercise of in-the-money or at-the-money derivative security	$7,319,568	+752,268	+5.5%	$9.73	14,428,445	07 May 2021	See footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ATSG	Warrant (Right to Purchase Common Stock)	Exercise of in-the-money or at-the-money derivative security		-12,810,629	-100%		0	07 May 2021	Common Stock	12,810,629	$9.73	Direct	F2
transaction	ATSG	Warrant (Right to Purchase Common Stock)	Exercise of in-the-money or at-the-money derivative security		-752,268	-100%		0	07 May 2021	Common Stock	752,268	$9.73	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Amazon.com NV Investment Holdings LLC, a wholly-owned subsidiary of Amazon.com, Inc., is the record holder of these shares of Common Stock.
F2	Shares of Common Stock subject to the Warrant, which was issued in connection with the execution of a commercial agreement, vest and become exercisable upon the achievement of certain commercial milestones, subject to certain regulatory approvals and the terms and conditions outlined in the Warrant.