8-K 1 jf306_028k.txt JUNE 2, 2004 8K DISCLOSING TRANSFER AGREEMENTS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): May 27, 2004 JETFLEET III (Exact name of Registrant as specified in its charter) CALIFORNIA 94-3208983 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1440 Chapin Avenue, Suite 310 Burlingame, CA 94010 (Address of principal executive offices) (Zip Code) 650-340-1880 (Registrant's telephone number including area code) Not applicable (Former name and former address. if changed since last report) Item 5. Other Events On May 27, 2004, as previously agreed to by the Company pursuant to a letter agreement with Wells Fargo Bank Northwest, National Association, as Indenture Truste (the "Trustee") dated April 8, 2004 , the Company entered into agreements with Trustee, and Wells Fargo Bank, National Association ("Assignee"), transferring to Assignee all of the Company's right, title and interest in, to and under, the Company's aircraft portfolio and related agreements. Pursuant to the agreements, the Company also transferred all remaining cash funds to the Trustee. Upon such transfer in lieu of foreclosure, the Trustee has now assumed responsibility for liquidating the assets and distributing net proceeds to the Company's Bondholders in repayment of out- standing Bondholder Indebtedness. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. Date: June 2, 2004 JETFLEET III By: /s/ Neal D. Crispin Neal D. Crispin, Chairman of the Board and President Exhibits: 10.1 Form of Letter Agreement, dated April 8, 2004, between the Company and Wells Fargo Bank, Northwest, as Indenture Trustee (incorporated herein by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10KSB, for the quarter ended March 31, 2004 10.2 Form of Transfer Agreement,dated May 27, 2004, between the Company, the Trustee and Assignee for S/N 696 10.3 Form of Transfer Agreement,dated May 27, 2004, between the Company, the Trustee and Assignee for S/N 106 10.4 Form of Transfer Agreement,dated May 27, 2004, between the Company, the Trustee and Assignee for S/N 751 10.5 Form of Transfer Agreement,dated May 27, 2004, between the Company, the Trustee and Assignee for S/N 024 10.6 Form of Transfer Agreement,dated May 27, 2004, between the Company, the Trustee and Assignee for S/N 640