UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
ATLAS AIR WORLDWIDE HOLDINGS, INC.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
049164205
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(CUSIP Number)
with a copy to:
Stephen Feinberg Robert G. Minion, Esq.
299 Park Avenue Lowenstein Sandler PC
22nd Floor 65 Livingston Avenue
New York, New York 10171 Roseland, New Jersey 07068
(212) 891-2100 (973) 597-2424
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 3, 2006
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule l3G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Cusip No. 049164205
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1) Names of Reporting Persons. I.R.S. Identification Nos. of above persons
(entities only):
Stephen Feinberg
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2) Check the Appropriate Box if a Member of a Group (See Instructions):
(a) Not
(b) Applicable
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3) SEC Use Only
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4) Source of Funds (See Instructions): WC, OO
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5) Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e): Not Applicable
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6) Citizenship or Place of Organization: United States
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Number of 7) Sole Voting Power: *
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Shares Beneficially 8) Shared Voting Power: *
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Owned by
Each Reporting 9) Sole Dispositive Power: *
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Person With 10) Shared Dispositive Power: *
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11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,696,360*
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions): Not Applicable
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13) Percent of Class Represented by Amount in Row (11): 8.5%*
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14) Type of Reporting Person (See Instructions): IA, IN
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* Cerberus Partners, L.P., a Delaware limited partnership ("Cerberus"), is the
holder of 253,900 shares of the common stock, par value $0.01 per share (the
"Shares"), of Atlas Air Worldwide Holdings, Inc., a Delaware corporation (the
"Company"), Cerberus International, Ltd., a corporation organized under the laws
of the Bahamas ("International"), is the holder of 817,600 Shares, Cerberus
Series Two Holdings, LLC, a Delaware limited liability company ("Cerberus Series
Two"), is the holder of 201,600 Shares, Cerberus Series Three Holdings, LLC, a
Delaware limited liability company ("Cerberus Series Three"), is the holder of
336,800 Shares, Cerberus America Series One Holdings, LLC, a Delaware limited
liability company ("Cerberus America One"), is the holder of 33,480 Shares, and
Cerberus America Series Two Holdings, LLC, a Delaware limited liability company
("Cerberus America Two"), is the holder of 52,980 Shares. Stephen Feinberg
possesses sole power to vote and direct the disposition of all Shares held by
Cerberus, International, Cerberus Series Two, Cerberus Series Three, Cerberus
America One and Cerberus America Two. Thus, as of April 3, 2006, for the
purposes of Reg. Section 240.13d-3, Stephen Feinberg is deemed to beneficially
own 1,696,360 Shares, or 8.5% of the Shares deemed issued and outstanding as of
that date.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended by adding the following after the last
paragraph thereof:
Each of the Cerberus Entities purchased Shares in ordinary brokerage
transactions from January 10, 2006 through and including April 3, 2006. Such
ordinary brokerage transactions that occurred during the sixty days on or prior
to April 3, 2006 are described in more detail in Item 5 below. All funds used to
purchase Shares on behalf of Cerberus, International, Cerberus Series Two,
Cerberus Series Three, Cerberus America One and Cerberus America Two came
directly from the assets of Cerberus, International, Cerberus Series Two,
Cerberus Series Three, Cerberus America One and Cerberus America Two,
respectively.
Item 5. Interest in Securities of the Issuer.
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Item 5 is hereby amended by deleting Item 5 in its entirety and by
substituting the following in lieu thereof:
Based upon information set forth in the Company's Quarterly Report on
Form 10-Q for the quarterly period ended March 31, 2006 as filed with the
Securities and Exchange Commission on May 15, 2006, there were 19,897,952 Shares
issued and outstanding as of March 31, 2006. As of April 3, 2006, Cerberus was
the holder of 253,900 Shares, International was the holder of 817,600 Shares,
Cerberus Series Two was the holder of 201,600 Shares, Cerberus Series Three was
the holder of 336,800 Shares, Cerberus America One was the holder of 33,480
Shares and Cerberus America Two was the holder of 52,980 Shares. Stephen
Feinberg possesses sole power to vote and direct the disposition of all Shares
held by Cerberus, International, Cerberus Series Two, Cerberus Series Three,
Cerberus America One and Cerberus America Two. Thus, as of April 3, 2006, for
the purposes of Reg. Section 240.13d-3, Mr. Feinberg is deemed to beneficially
own 1,696,360 Shares, or 8.5% of the Shares deemed issued and outstanding as of
that date.
The following tables detail the transactions during the sixty days on
or prior to April 3, 2006 in Shares, or securities convertible into, exercisable
for or exchangeable for Shares, by Mr. Feinberg or any other person or entity
controlled by him or any person or entity for which he possesses voting or
investment control over the securities thereof (each of which were effected in
an ordinary brokerage transaction):
I. Cerberus
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(Purchases)
Date Quantity Price
---- -------- -----
March 13, 2006 1,620 $45.9957
March 29, 2006 2,337 $45.7597
April 3, 2006 17,000 $44.0300
(Sales)
NONE
II. International
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(Purchases)
Date Quantity Price
---- -------- -----
March 13, 2006 3,810 $45.9957
March 29, 2006 7,504 $45.7597
April 3, 2006 54,810 $44.0300
(Sales)
NONE
III. Cerberus Series Three
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(Purchases)
Date Quantity Price
---- -------- -----
March 13, 2006 1,166 $45.9957
March 29, 2006 3,098 $45.7597
April 3, 2006 22,590 $44.0300
(Sales)
NONE
IV. Cerberus America Two
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(Purchases)
Date Quantity Price
---- -------- -----
March 13, 2006 100 $45.9957
March 29, 2006 481 $45.7597
April 3, 2006 3,500 $44.0300
(Sales)
NONE
Signature
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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.
August 10, 2006
/s/ Stephen Feinberg
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Stephen Feinberg, on behalf of Cerberus
Associates, L.L.C., the general partner
of Cerberus Partners, L.P., and Cerberus
International, Ltd., Cerberus Series Two
Holdings, LLC, Cerberus Series Three
Holdings, LLC, Cerberus America Series
One Holdings, LLC and Cerberus America
Series Two Holdings, LLC
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).