X0306 4 2020-12-29 0 0000353184 AIR T INC AIRT 0001361476 CABILLOT RAYMOND E 3033 EXCELSIOR BOULEVARD STE. 560 MINNEAPOLIS MN 55416 1 0 0 0 Common Stock 2020-12-29 4 P 0 4709 18.0076 A 356780 I By Farnam Street Partners, L.P. Common Stock 2020-12-29 4 P 0 11377 19.077 A 368157 I By Farnam Street Partners, L.P. Common Stock 2020-12-30 4 P 0 2923 19.5183 A 371080 I By Farnam Street Partners, L.P. Common Stock 2020-12-30 4 P 0 8068 20.2479 A 379148 I By Farnam Street Partners, L.P. Common Stock 2020-12-29 4 P 0 2019 18.0076 A 38863 I By FS Special Opportunities I, LP Common Stock 2020-12-29 4 P 0 4875 19.077 A 43738 I By FS Special Opportunities I, LP Common Stock 2020-12-30 4 P 0 1253 19.5179 A 44991 I By FS Special Opportunities I, LP Common Stock 2020-12-30 4 P 0 3458 20.2479 A 48449 I By FS Special Opportunities I, LP Common Stock 7328 D The price reported in Column 4 is a weighted average price. The prices actually received ranged from $17.745 to $18.70. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $18.75 to $19.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $19.195 to $19.95. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $20.23 to $20.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. The price reported in Column 4 is a weighted average price. The prices actually received ranged from $20.20 to $20.25. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. /s/ Raymond E. Cabillot 2020-12-31