SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* RILEY BRYANT R (Last) (First) (Middle) 11100 SANTA MONICA BLVD., SUITE 800 (Street) LOS ANGELES CA 90025 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/14/2005	3. Issuer Name and Ticker or Trading Symbol KITTY HAWK INC [ KHK ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	218,052	I	by B. Riley & Co., Inc.(1)
Common Stock	3,842,226	I	by SACC Partners LP(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Convertible Preferred Stock	11/14/2005	(4)	Common Stock	1,822,224	$0.9604	I	by SACC Partners LP(2)
Warrants	11/14/2005	11/14/2010	Common Stock	426,829	$0.82	I	by SACC Partners LP(2)
Series B Convertible Preferred Stock	11/14/2005	(4)	Common Stock	260,318	$0.9604	I	by B. Riley & Co. Retirement Trust(3)
Warrants	11/14/2005	11/14/2010	Common Stock	60,976	$0.82	I	by B. Riley & Co. Retirement Trust(3)

Explanation of Responses:

1. Bryant R. Riley, as President of B. Riley & Co., Inc., has voting and dispositive power over the Common Stock held by B. Riley & Co., Inc. and thus may be deemed to be the beneficial owner of these shares for purposes of reporting under Section 16 of the Securities Exchange Act of 1934.

2. Bryant R. Riley, as sole Manager of Riley Investment Management, LLC, has voting and dispositive power over the Common Stock, Series B Convertible Preferred Stock and Warrants held SACC Partners LP, a limited partnership of which Riley Investment Management, LLC is General Partner, and thus may be deemed to be the beneficial owner of these shares for purposes of reporting under Section 16 of the Securities Exchange Act of 1934.

3. Bryant R. Riley, as Trustee, has voting and dispositive power over the Series B Convertible Preferred Stock and Warrants held by B. Riley & Co. Retirement Trust and thus may be deemed to be the beneficial owner of these shares for purposes of reporting under Section 16 of the Securities Exchange Act of 1934.

4. None

	/s/ Bryant Riley	11/22/2005
	** 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 5 (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).
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