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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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 this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print or Type Responses)
________________________________________________________________________________
1. Name and Address of Reporting Person*
Li David K.P.
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(Last) (First) (Middle)
Bank of East Asia, 10 Des Voeux Road Central
GPO Box 31
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(Street)
Hong Kong
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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/Day/Year
11/01/02
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5. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
____________________________________________________________________
________________________________________________________________________________
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.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock 11/01/02 A 12,195 A 1.23 27,076 D
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Explanation of Responses:
/s/ Michael W. Borkowski 11/05/02
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**Signature of Reporting Person Date
Attorney-in-Fact
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
4(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).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Page 2
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/ David K.P. Li
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Signature
David K.P. Li
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Print Name