FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
WORLD AIR HOLDINGS, INC. [ WLDA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/08/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/08/2005 | M | 25,000 | A | $1.0938 | 61,252 | D | |||
Common Stock | 06/08/2005 | S | 700 | D | $9.34 | 60,552 | D | |||
Common Stock | 06/08/2005 | S | 100 | D | $9.33 | 60,452 | D | |||
Common Stock | 06/08/2005 | S | 100 | D | $9.31 | 60,352 | D | |||
Common Stock | 06/08/2005 | S | 2,522 | D | $9.3 | 57,830 | D | |||
Common Stock | 06/08/2005 | S/K | 9,878 | D | $9.29 | 47,952 | D | |||
Common Stock | 06/08/2005 | S/K | 3,640 | D | $9.28 | 44,312 | D | |||
Common Stock | 06/08/2005 | S/K | 7,200 | D | $9.27 | 37,112 | D | |||
Common Stock | 06/08/2005 | S/K | 860 | D | $9.25 | 36,252 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option Right to Buy | $1.0938 | 06/08/2005 | M | 25,000 | (1) | 08/08/2007 | Common Stock | 25,000 | $1.0938 | 0 | D | ||||
Employee Stock Option Right to Buy | $1.25 | (2) | 04/06/2007 | Commoin Stock | 12,000 | 12,000 | D | ||||||||
Employee Stock Option Right to Buy | $1.6875 | (3) | 06/21/2007 | Common Stock | 25,000 | 25,000 | D | ||||||||
Employee Stock Option Right to Buy | $0.9688 | (4) | 03/28/2008 | Common Stock | 20,500 | 20,500 | D | ||||||||
Employee Stock Option Right to Buy | $0.84 | (4) | 02/12/2011 | Common Stock | 22,500 | 22,500 | D | ||||||||
Employee Stock Option Right to Buy | $3.31 | (5) | 11/18/2011 | Comon Stock | 50,000 | 50,000 | D | ||||||||
Employee Stock Option Right to Buy | $3.59 | (6) | 05/05/2012 | Common Stock | 150,000 | 150,000 | D |
Explanation of Responses: |
1. Mr. Martinez holds 25,000 options which were granted on 8/9/1999 and are fully vested and exercisable. |
2. For informational purposes, Mr. Martinez holds 12,000 options which were granted on 4/7/1999 and are fully vested and exercisable. |
3. For informational purposes, Mr. Martinez holds 25,000 options which were granted on 6/22/1999. All options are fully vested and exercisable. |
4. For informational purposes, Mr. Martinez was granted 75,000 options on 2/13/2003. 52,500 have been exercised and the remaining 22,500 will vest on 2/13/2006. |
5. For informational purposes, Mr. Martinez holds 50,000 options which were granted on 11/19/2003. All options remain outstanding. 20,000 are fully vested and exercisable. An additional 15,000 will vest on 11/18/2005 and 11/18/2006. |
6. For informational purposes, Mr. Martinez holds 150,000 options granted on 5/6/2004. 60,000 options are vested and exercisable as of this date. An additional 45,000 options will vest on 5/5/2006 and 5/5/2007. |
Remarks: |
Randy J. Martinez /s/ Mark M. McMillin, Attorney in Fact | 06/10/2005 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |