SCHEDULE 13D
Amendment No. 1
common stock
Cusip # 009499104
Filing Fee: No
Cusip # 009499104
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: PF
Item 6: Commonwealth of Massachusetts
Item 7: 7,600
Item 8: None
Item 9: 623,200
Item 10: None
Item 11: 623,200
Item 13: 9.22%
Item 14: HC
PREAMBLE
The Schedule 13D, dated December 31,1993, filed by FMR Corp. ("FMR")
with respect to the Common Stock, $0.01 par value per share (the "Shares") of
Airtran Corp., is hereby amended as set forth below. The Shares to which it
relates are owned by three funds managed by Fidelity Management & Research
Company, two accounts managed by Fidelity Management Trust Company.
Item 1. Security and Issuer.
Item 2. Identity and Background.
Item 2 is amended as follows:
This statement is being filed by FMR Corp., a Massachusetts Corporation
("FMR"). FMR is a holding company one of whose principal assets is the capital
stock of a wholly-owned subsidiary, Fidelity Management & Research Company
("Fidelity"), which is also a Massachusetts corporation. Fidelity is an
investment adviser which is registered under Section 203 of the Investment
Advisers Act of 1940 and which provides investment advisory services to more
than 30 investment companies which are registered under Section 8 of the
Investment Company Act of 1940 and serves as investment adviser to certain
other funds which are generally offered to limited groups of investors (the
"Fidelity Funds"). Fidelity Management Trust Company ("FMTC"), a wholly-owned
subsidiary of FMR Corp. and a bank as defined in Section 3(a)(6) of the
Securities Exchange Act of 1934, serves as trustee or managing agent for
various private investment accounts, primarily employee benefit plans and
serves as investment adviser to certain other funds which are generally
offered to limited groups of investors (the "Accounts"). Various directly or
indirectly held subsidiaries of FMR are also engaged in investment management,
venture capital asset management, securities brokerage, transfer and
shareholder servicing and real estate development. The principal offices of
FMR, Fidelity, and FMTC are located at 82 Devonshire Street, Boston,
Massachusetts 02109.
Edward C. Johnson 3d owns 34.0% of the outstanding voting common stock
of FMR. Mr. Johnson 3d is Chairman of FMR Corp. The business address and
principal occupation of Mr. Johnson 3d is set forth in Schedule A hereto.
The Shares to which this statement relates are owned directly by three
of the Fidelity Funds, two Accounts.
The name, residence or business address, principal occupation or
employment and citizenship of each of the executive officers and directors of
FMR are set forth in Schedule A hereto.
Within the past five years, none of the persons named in this Item 2 or
listed on Schedule A has been convicted in any criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to any civil
proceeding and as a result thereof was or is subject to any judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to , federal or state securities laws or finding any
violations with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is amended as follows:
The Fidelity Funds which own or owned Shares purchased in the aggregate
790,000 Shares for cash in the amount of approximately $7,828,148 , including
brokerage commissions. The Fidelity Funds used their own assets in making
such purchase and no part of the purchase price is represented by borrowed
funds. Proceeds from 174,400 Shares sold aggregated approximately $1,705,934
. The attached Schedule B sets forth Shares purchased and/or sold since
February 22, 1994.
The Accounts of FMTC which own or owned Shares purchased in the
aggregate 7,600 Shares for cash in the amount of approximately $76,800 ,
including brokerage commissions. The Accounts used their own assets in making
such purchase and no part of the purchase price is represented by borrowed
funds. The attached Schedule B sets forth Shares purchased and/or sold since
February 22, 1994.
Item 4. Purpose of Transaction.
Item 5. Interest in Securities of Issuer.
Although Item 5 assumes that FMR, Fidelity, FMTC, beneficially own all
623,200 Shares, reference is made to Item 2 for a disclaimer of beneficial
ownership with respect to the securities which are "beneficially owned" by the
other corporations.
(a) FMR beneficially owns, through Fidelity, as investment adviser to
the Fidelity Funds, 615,600 Shares, or approximately 9.11% of the outstanding
Shares of the Company, and through FMTC, the managing agent for the Accounts,
7,600 Shares, or approximately 0.11% of the outstanding Shares of the
Company. Neither FMR, Fidelity, FMTC, Edward C. Johnson 3d, nor any of its
affiliates nor, to the best knowledge of FMR, any of the persons name in
Schedule A hereto, beneficially owns any other Shares. The combined holdings
of FMR, Fidelity, and FMTC, are 623,200 Shares, or approximately 9.22% of the
outstanding Shares of the Company.
(b) FMR, through is control of Fidelity, investment adviser to the
Fidelity Funds, and the Funds each has sole power to dispose of the Shares.
Neither FMR nor Mr. Johnson has the sole power to vote or direct the voting of
the 615,600 Shares owned directly by the Fidelity Funds, which power resides
with the Funds' Boards of Trustees. Fidelity carries out the voting of the
Shares under written guidelines established by the Funds' Board of Trustees.
FMR, through its control of FMTC, investment manager to the Accounts, and the
Accounts each has sole voting and dispositive power over 7,600 Shares owned
by the Accounts.
(c) Except as set forth in Schedule B, neither FMR, or any of its
affiliates, nor, to the best knowledge of FMR, any of the persons named in
Schedule A hereto has effected any transaction in Shares during the past sixty
(60) days.
Item 6. Contract, Arrangements, Understandings or Relationships With
Respect to Securities
of the Issuer.
Neither FMR nor any of its affiliates nor, to the best knowledge of FMR,
any of the persons named in Schedule A hereto has any joint venture, finder's
fee, or other contract or arrangement with any person with respect to any
securities of the Company.
Item 7. Material to be Filed as Exhibits.
Not Applicable.
This statement speaks as of its date, and no inference should be drawn
that no change has occurred in the facts set forth herein after the date
hereof.
Signature
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.
FMR Corp.
DATE: June 6, 1994 By: /s/Arthur Loring
Arthur Loring
Vice President-Legal
SCHEDULE A
The name and present principal occupation or employment of each
executive officer and director of FMR Corp. are set forth below. The business
address of each person is 82 Devonshire Street, Boston, Massachusetts 02109,
and the address of the corporation or organization in which such employment is
conducted is the same as his business address. All of the persons listed
below are U.S. citizens.
POSITION WITH
PRINCIPAL
NAME FMR CORP. OCCUPATION
Edward C. Johnson 3d President, Chairman of the
Director, CEO Board and CEO, FMR
Chairman &
Mng. Director
J. Gary Burkhead Director President-Fidelity
Caleb Loring, Jr. Director, Director, FMR
Mng. Director
James C. Curvey Director, Sr. V.P., FMR
Sr. V.P.
William L. Byrnes Vice Chairman Vice Chairman, FIL
Director & Mng.
Director
Robert C. Pozen Sr. V.P. & Gen'l Sr. V.P. & Gen'l
Counsel Counsel, FMR
Mark Peterson Exec. Exec.
V.P.-Management V.P.-Management
Resources Resources, FMR
Denis McCarthy Sr. Vice Pres. - Vice Pres., Chief
Administration, Financial Officer,
Chief Financial FMR
Officer
SCHEDULE B
Airtran Corp.
One Fidelity Fund(s) sold Shares since February 22, 1994 at the dates and at
the prices set forth below. The transactions were made for cash in open
market transactions or with other investment companies with the same or an
affiliated investment advisor.
DATE SHARES PRICE
03-31-94 5,000 $9.00
04-11-94 10,000 8.50
SCHEDULE B
Airtran Corp.
Two Account(s) purchased Shares since February 22, 1994 at the dates and at
the prices set forth below. The transactions were made for cash in open
market transactions or with other investment companies with the same or an
affiliated investment advisor.
DATE SHARES PRICE
02-28-94 2,800 $10.50
03-16-94 2,400 9.75
03-17-94 2,400 10.00
SCHEDULE B
Airtran Corp.
One Account(s) sold Shares since February 22, 1994 at the dates and at the
prices set forth below. The transactions were made for cash in open market
transactions or with other investment companies with the same or an affiliated
investment advisor.
DATE SHARES PRICE
02-25-94 5,000 $10.00
02-28-94 5,000 10.00
03-03-94 5,000 9.75
03-04-94 10,000 9.88
03-18-94 10,000 9.81
03-21-94 5,000 9.75
03-24-94 5,000 9.50
03-29-94 5,000 9.63
03-30-94 5,000 9.50
04-14-94 5,000 8.25
04-19-94 5,000 8.75
04-20-94 5,000 8.50
04-22-94 5,000 8.25
