UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
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)
October 17, 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: 1,207,811*
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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): 6.0%*
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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 182,527 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 587,667 Shares, Cerberus
Series Two Holdings, LLC, a Delaware limited liability company ("Cerberus Series
Two"), is the holder of 134,868 Shares, Cerberus Series Three Holdings, LLC, a
Delaware limited liability company ("Cerberus Series Three"), is the holder of
242,194 Shares, Cerberus America Series One Holdings, LLC, a Delaware limited
liability company ("Cerberus America One"), is the holder of 22,463 Shares, and
Cerberus America Series Two Holdings, LLC, a Delaware limited liability company
("Cerberus America Two"), is the holder of 38,092 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 October 17, 2006, for the
purposes of Reg. Section 240.13d-3, Stephen Feinberg is deemed to beneficially
own 1,207,811 Shares, or 6.0% of the Shares deemed issued and outstanding as of
that date.
Item 5. Interest in Securities of the Issuer.
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 as filed with the Securities and Exchange Commission on August 14,
2006, there were 20,049,108 Shares issued and outstanding as of June 30, 2006.
As of October 17, 2006, Cerberus was the holder of 182,527 Shares, International
was the holder of 587,667 Shares, Cerberus Series Two was the holder of 134,868
Shares, Cerberus Series Three was the holder of 242,194 Shares, Cerberus America
One was the holder of 22,463 Shares and Cerberus America Two was the holder of
38,092 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 October 17, 2006, for the purposes of Reg. Section 240.13d-3, Mr. Feinberg is
deemed to beneficially own 1,207,811 Shares, or 6.0% 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 October 17, 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)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 8,659 $48.7921
October 16, 2006 7,556 $49.0705
October 17, 2006 9,853 $47.0642
II. International
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 27,880 $48.7921
October 16, 2006 24,328 $49.0705
October 17, 2006 31,723 $47.0642
III. Cerberus Series Two
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 6,398 $48.7921
October 16, 2006 5,583 $49.0705
October 17, 2006 7,280 $47.0642
IV. Cerberus Series Three
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 11,490 $48.7921
October 16, 2006 10,026 $49.0705
October 17, 2006 13,074 $47.0642
V. Cerberus America One
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 1,066 $48.7921
October 16, 2006 930 $49.0705
October 17, 2006 1,213 $47.0642
VI. Cerberus America Two
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(Purchases)
NONE
(Sales)
Date Quantity Price
---- -------- -----
October 16, 2006 1,807 $48.7921
October 16, 2006 1,577 $49.0705
October 17, 2006 2,057 $47.0642
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.
October 18, 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).