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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
| | Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
|_| Form 3 Holdings Reported
|_| Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Shuyler Richard H.
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(Last) (First) (Middle)
c/o Atlas Air Worldwide Holdings, Inc.
2000 Westchester Avenue
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(Street)
Purchase NY 10577
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ATLAS AIR WORLDWIDE HOLDINGS, INC. - CGO
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
For fiscal year ended December 31, 2002
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5. If Amendment, Date of Original (Month/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|X| Officer (give title below) |_| Other (specify below)
Chief Executive Officer
________________________________________________________________________________
7. Individual or Joint/Group Filing
(check applicable line)
|X| Form filed by One Reporting Person
|_| Form filed by More than One Reporting Person
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
2A. 3. Disposed of (D) Beneficially Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Owned Direct Nature of
Trans- Execution Code ------------------------------- at the End (D) or Indirect
1. action Date, if (Instr. 8) (A) of Issuer's Indirect Beneficial
Title of Security Date any ------------ or Fiscal Year (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Amount (D) Price (Instr. 3 & 4) (Instr.4) (Instr.4)
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Common Stock 2/8/02 A 7,374(1) A $10.68 20,227(2) D
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Common Stock 2,417 I By child
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* If the form is filed by more than one reporting person, see instruction
4(b)(v).
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
2. of of
Conver- 5. 7. Deriv- Deriv- 11.
sion Number of Title and Amount ative ative Nature
or Derivative 6. of Underlying 8. Secur- Secur- of
Exer- 3A. 4. Securities Date Securities Price ities ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Bene- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ficially (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Owned In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- at End direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity of Year (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
(1) Represents an award of restricted stock units that are exchangeable for
common shares on a one-for-one basis and that are subject to certain
vesting requirements.
(2) Includes common shares purchased under the Employee Stock Purchase Plan, an
employee benefit plan qualified under Section 423 of the Internal Revenue
Code.
/s/ Michael W. Borkowski February 12, 2003
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**Signature of Reporting Person Date
Attorney-in-Fact
** 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 provided is insufficient, see Instruction 6 for procedure.
POWER OF ATTORNEY
The undersigned does hereby make, constitute and appoint Thomas G. Scott, John
W. Dietrich and Michael W. Borkowski as the undersigned's true and lawful agents
and attorneys-in-fact (each hereinafter referred to as an "Attorney") to act
either together or alone in the name and on behalf of the undersigned for and
with respect to the matters hereinafter described.
Each Attorney shall have the power and authority to prepare, execute and
deliver Statements of Changes of Beneficial Ownership of Securities on Form
4 or Form 5 (or such other forms as may be designated from time to time by
the Securities and Exchange Commission (the "Commission") for such purpose)
or any amendments thereto required to be filed with the Commission under
the Securities Exchange Act of 1934 on behalf of the undersigned as a
result of the undersigned's transactions in, or changes in beneficial
ownership of, equity securities (including derivative securities) of Atlas
Air Worldwide Holdings, Inc.
Each Attorney is hereby authorized to execute and deliver all documents,
acknowledgments, consents and other agreements and to take such further action
as may be necessary or convenient in order to more effectively carry out the
intent and purposes of the foregoing.
The Power of Attorney conferred hereby is not delegable by any Attorney. Each
Attorney shall serve without compensation for acting in the capacity of agent
and attorney-in-fact hereunder.
The undersigned hereby ratifies, confirms and adopts as the undersigned's own
act and deed all action lawfully taken by the Attorneys, or any of them,
pursuant to the power and authority herein granted.
Unless sooner revoked by the undersigned, this Power of Attorney shall be
governed by the laws of the State of New York, and the power and authority
granted herein shall terminate on December 31, 2004.
IN WITNESS HEREOF, the undersigned has set his or her hand this 12th day of
August, 2002.
/s/ Richard H. Shuyler
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Signature
Richard H. Shuyler
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Print Name