X0306 4/A 2019-01-15 2019-01-17 0 0000353184 AIR T INC AIRT 0001478067 Swenson Nicholas John 5000 WEST 36TH STREET SUITE 130 MINNEAPOLIS MN 55416 1 1 1 0 CEO Common Stock 2019-01-15 4 P 0 74 30 A 34550 I By Groveland Capital, LLC Common Stock 2019-01-17 4 P 0 147 29 A 34697 I By Groveland Capital, LLC Common Stock 113204 I By Groveland DST, LLC Common Stock 587130 I By AO Partners I, LP Common Stock 57960 I By Glenhurst Co. Common Stock 40307 D Common Stock 8.62 2013-08-30 2022-08-30 Common Stock 2500 2500 D The reported securities are owned directly by Groveland Capital, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland Capital, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Included in the reported securities are shares that were previously owned by Groveland Hedged Credit Fund LLC and subsequently transferred to Groveland Capital, LLC via transactions exempt from reporting under Rule 16a-13. The reported securities are owned directly by Groveland DST, LLC and indirectly by Nicholas J. Swenson as the sole managing member and president of Groveland DST, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. These shares were previously owned by Groveland Hedged Credit Fund LLC and subsequently transferred to Groveland DST, LLC via transactions exempt from reporting under Rule 16a-13. The reported securities are owned directly by AO Partners I. L.P., and indirectly by AO Partners, LLC, as General Partner of AO Partners I. L.P., and Nicholas J. Swenson as Managing Member of AO Partners, LLC. Nicholas J. Swenson disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reported securities are owned directly by Glenhurst Co., a Minnesota corporation, wholly owned by Nicholas J. Swenson. Amendment made only due to inability to view the second page of the executed Power of Attorney within the initial Form 4 filing. /s/ Mark R. Jundt, attorney-in-fact 2019-01-17