-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OUi+JaVLU6gJb4eHwMWuQUVqUwLiIrc0qPGUevv9TNnRppIGjKLQOjaqKfBbdF6w 6TJNcbKPVdKn8pwYRmhqYg== 0001067621-07-000017.txt : 20070608 0001067621-07-000017.hdr.sgml : 20070608 20070608140828 ACCESSION NUMBER: 0001067621-07-000017 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070608 DATE AS OF CHANGE: 20070608 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: JAMES CHADWICK GROUP MEMBERS: NADEL AND GUSSMAN COMBINED FUNDS LLC GROUP MEMBERS: PHILLIP GOLDSTEIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AIRNET SYSTEMS INC CENTRAL INDEX KEY: 0001011696 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 311458309 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48747 FILM NUMBER: 07909217 BUSINESS ADDRESS: STREET 1: 3939 INTERNATIONAL GATEWAY CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6142379777 MAIL ADDRESS: STREET 1: 3939 INTERNATIONAL GATEWAY STREET 2: 3939 INTERNATIONAL GATEWAY CITY: COLUMBUS STATE: OH ZIP: 43219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GOLDSTEIN PHILLIP CENTRAL INDEX KEY: 0001067621 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: BUSINESS PHONE: 9147475262 MAIL ADDRESS: STREET 1: 60 HERITAGE DRIVE CITY: PLEASANTVILLE STATE: NY ZIP: 10570 SC 13D/A 1 thirda.txt DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT 5/25/07 1. NAME OF REPORTING PERSON Phillip Goldstein, Andrew Dakos, Nadel and Gussman Funds LLC. and James Chadwick. 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS NA 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION NA 7. SOLE VOTING POWER NA 8. SHARED VOTING POWER NA 9. SOLE DISPOSITIVE POWER NA 10. SHARED DISPOSITIVE POWER NA 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,333,973 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 13.11% 14. TYPE OF REPORTING PERSON NA 1. NAME OF REPORTING PERSON Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA 7. SOLE VOTING POWER 811,373 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 811,373 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 1,299,173 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 12.77% 14. TYPE OF REPORTING PERSON IA 1. NAME OF REPORTING PERSON Nadel and Gussman Combined Funds LLC 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Oklahoma 7. SOLE VOTING POWER 34,800 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 34,800 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 ..34% 14. TYPE OF REPORTING PERSON OO 1. NAME OF REPORTING PERSON James Chadwick 2. CHECK THE BOX IF MEMBER OF A GROUP a[X] b[ ] 3. SEC USE ONLY 4. SOURCE OF FUNDS WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) AND 2(e) [] 6. CITIZENSHIP OR PLACE OF ORGANIZATION USA 7. SOLE VOTING POWER 487,800 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 522,600 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 487,800 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 4.82% 14. TYPE OF REPORTING PERSON IA This statement constitutes amendment #3 to the Schedule 13d filed on April 13, 2005. Except as specifically set forth herein, the Schedule 13d remains unmodified. Item 5 is amended as follows: ITEM 5. INTEREST IN SECURITIES OF THE ISSUER a - b. As per the 10Q filed on May 11, 2007 there were 10,171,507 shares outstanding as of May 8, 2007. The percentage set forth in this item (5a-b) was derived using such number. Mr. Phillip Goldstein and Mr. Andrew Dakos are deemed to be the beneficial owners of 1,299,173 shares of ANS or 12.77 % of the outstanding shares. Mr. Goldstein and Mr. Dakos have sole power to vote and dispose of 811,373 shares. Nadel and Gussman Combined Funds LLC ('NGCF')is deemed to be the beneficial owner of 34,800 shares of ANS or .34%. NGCF has the sole power to vote the 34,800 Shares held by it while Mr. James Chadwick has the power to dispose of the shares. Mr. James Chadwick also has the power to vote and dispose of 487,800 shares beneficially owned by Mr. Phillip Goldstein and Mr. Andrew Dakos. c. During the last sixty days the following shares of common stock were traded(unless previously reported): Phillip Goldstein and Andrew Dakos 5/25/07 Sell 150,000 @ $3.55 After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: 6/8/07 By: /s/ Phillip Goldstein - ------------------------- Name: Phillip Goldstein By: /S/ Andrew Dakos - ---------------------- Name: Andrew Dakos NADEL AND GUSSMAN COMBINED FUNDS LLC By: /s/ Stephen Heyman - ------------------------------------- Stephen Heyman, Managing Member By: /s/ James M. Chadwick - ------------------------------------- James M. Chadwick -----END PRIVACY-ENHANCED MESSAGE-----