FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Forbes James Anthony
  2. Issuer Name and Ticker or Trading Symbol
ATLAS AIR WORLDWIDE HOLDINGS INC [AAWW] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & COO
(Last)
(First)
(Middle)
2000 WESTCHESTER AVE, C/O ATLAS AIR WORLDWIDE HOLDINGS, INC.		 3. Date of Earliest Transaction (Month/Day/Year)
12/27/2022
(Street)

PURCHASE, NY 10577-2530		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value 12/28/2022   A   5,769 A $ 0 15,427 D  
Common Stock, $0.01 par value 12/28/2022   F   2,271 D $ 100.67 13,156 D  
Common Stock, $0.01 par value 12/28/2022   A   2,794 A $ 0 15,950 D  
Common Stock, $0.01 par value 12/28/2022   F   1,100 D $ 100.67 14,850 D  
Common Stock, $0.01 par value 12/28/2022   A   809 A $ 0 15,659 D  
Common Stock, $0.01 par value 12/28/2022   F   319 D $ 100.67 15,340 D  
Common Stock, $0.01 par value 12/28/2022   A   5,294 A $ 0 20,634 D  
Common Stock, $0.01 par value 12/28/2022   F   2,084 D $ 100.67 18,550 D  
Common Stock, $0.01 par value 12/27/2022   A   20,767 (1) A $ 0 39,317 D  
Common Stock, $0.01 par value 12/27/2022   F   8,172 D $ 100.67 31,145 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 12/28/2022   M     5,769   (1) 02/25/2023 Common Stock 5,769 $ 0 0 D  
Restricted Stock Units (2) 12/28/2022   M     2,794   (1) 04/01/2025 Common Stock 2,794 $ 0 0 D  
Restricted Stock Units (2) 12/28/2022   M     809   (1) 04/01/2025 Common Stock 809 $ 0 0 D  
Restricted Stock Units (2) 12/28/2022   M     5,294   (1) 04/01/2025 Common Stock 5,294 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Forbes James Anthony
2000 WESTCHESTER AVE
C/O ATLAS AIR WORLDWIDE HOLDINGS, INC.
PURCHASE, NY 10577-2530		       EVP & COO  

Signatures

 /s/ Shannon Collins, as Attorney-in-Fact   12/29/2022
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) In connection with the transaction contemplated by the Agreement and Plan of Merger, dated as of August 4, 2022, by and among the Issuer, Rand Parent, LLC and the other parties thereto, the vesting of the awards described herein was accelerated as contemplated by the proxy statement filed in connection with the transaction on October 19, 2022 and the section "Section 280G Mitigation Actions" therein.
(2) Upon vesting, the Reporting Person is entitled to receive one share of Common Stock for each restricted stock unit.

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