-----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, JqdKeX2wWm/YN0MaZF/5UTMExXjNkLwOZrCVWsyyUND3KBGMFmhBhIoJPcCOkvVF oH6hv2sqm9R32jrp7AJQjg== 0001067621-08-000016.txt : 20080417 0001067621-08-000016.hdr.sgml : 20080417 20080417124423 ACCESSION NUMBER: 0001067621-08-000016 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080417 DATE AS OF CHANGE: 20080417 GROUP MEMBERS: ANDREW DAKOS GROUP MEMBERS: BULLDOG INVESTORS 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: 08761652 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 4/7/08 1. NAME OF REPORTING PERSON Bulldog Investors, Phillip Goldstein and Andrew Dakos 2. CHECK THE BOX IF MEMBER OF A GROUP a[] 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 USA 7. SOLE VOTING POWER 932,943 8. SHARED VOTING POWER 0 9. SOLE DISPOSITIVE POWER 932,943 10. SHARED DISPOSITIVE POWER 0 11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON 932,943 12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES [] 13. PERCENT OF CLASS REPRESENTED BY ROW 11 9.16% 14. TYPE OF REPORTING PERSON IA This statement constitutes amendment #4 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 10K filed on March 31, 2008 there were 10,179,671 shares outstanding as of March 25, 2008. The percentage set forth in this item (5a-b) was derived using such number. Bulldog Investors, Phillip Goldstein and Andrew Dakos are deemed to be the beneficial owners of 932,943 shares of ANS or 9.16 % of the outstanding shares. Mr. Goldstein and Mr. Dakos have sole power to vote and dispose of 932,943 shares. The group comprised of Phillip Goldstein, Andrew Dakos, Nadel and Gussman Combined Funds LLC and James Chadwick has been dissolved following the announcement by the Issuer to be acquired by an affiliate of Bayside Capital , Inc. Therefore the reported positions no longer include shares beneficially owned by Nadel and Gussman Combined Funds LLC and James Chadwick. c. During the last sixty days the following shares of common stock were traded by Bulldog Investors, Phillip Goldstein and Andrew Dakos: SL = Sale DATE # shares Price ($) 04/03/08 SL (12,431) 2.7034 04/04/08 SL (3,700) 2.7200 04/07/08 SL (117,650) 2.7009 04/07/08 SL (17,350) 2.7009 04/08/08 SL (6,600) 2.7022 04/08/08 SL (38,800) 2.7022 04/09/08 SL (34,200) 2.7011 04/09/08 SL (5,800) 2.7011 04/10/08 SL (18,200) 2.7155 04/10/08 SL (800) 2.7100 04/10/08 SL (4,000) 2.7500 04/11/08 SL (15,000) 2.7000 04/14/08 SL (17,300) 2.7114 04/15/08 SL (29,300) 2.7000 04/16/08 SL (21,500) 2.7000 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: 4/17/08 By: /s/ Phillip Goldstein - ------------------------- Name: Phillip Goldstein By: /S/ Andrew Dakos - ---------------------- Name: Andrew Dakos -----END PRIVACY-ENHANCED MESSAGE-----