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Blue Clay Capital Management, LLC
> AIRT
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2016 | AIR T INC | AIRT | 51,827 | 0 | 1,039,000 | -75,000 | $20.05 |
| 06/30/2016 | AIR T INC | AIRT | 51,827 | 0 | 1,114,000 | -138,000 | $21.49 |
| 03/31/2016 | AIR T INC | AIRT | 51,827 | 51,827 | 1,252,000 | 1,252,000 | $24.16 |
| 12/31/2015 | AIR T INC | AIRT | 46,527 | 2,932 | 1,139,000 | 67,000 | $24.48 |
| 09/30/2015 | AIR T INC | AIRT | 43,595 | 0 | 776,000 | -296,000 | $17.80 |
| 06/30/2015 | AIR T INC | AIRT | 43,595 | 0 | 913,000 | -159,000 | $20.94 |
| 03/31/2015 | AIR T INC | AIRT | 43,595 | 43,595 | 1,072,000 | 1,072,000 | $24.59 |
| 12/31/2014 | AIR T INC | AIRT | 43,595 | 43,595 | 1,115,000 | 1,115,000 | $25.58 |
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