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F O R M 3
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Wexford Management LLC
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(Last) (First) (Middle)
411 W. Putnam Avenue
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(Street)
Greenwich, CT 06830
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
December 2, 1997
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
Frontier Airlines, Inc. (FRNT)
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5. Relationship of Reporting Person to Issuer (check all applicable)
[ ] Director*
[ X ] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group filing (Check Appropriate 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 BENFICIALLY OWNED
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1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership From: 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership
(Instr 5.) (Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
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<TABLE>
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TABLE II -- DERIVATIVE SECURITIES BENFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative Security 2. Date 3. Title and 4. Conversion 5. Ownership 6. Nature of
(Instr. 4) Exercisable Amount of Or Exercise Form of Indirect
and Securities Price of Derivative Beneficial
Expiration Underlying Derivative Security: Ownership
Date (Month/ Derivative Security Direct (Instr. 5)
Day/Year) Security (D) or
(Instr. 4) Indirect (I)
(Instr. 5)
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Date Expira- Amount or
Exer- tion Number
cisable Date Title of Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Common Stock Purchase Warrants 12/02/97 12/15/01 Common Stock, no 500,000 $3.00 I By Imprimis
par value Investors, LLC (1)
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Common Stock Purchase Warrants 12/17/97 12/15/01 Common Stock, no 1,000,000 $3.00 I By Imprimis
par value Investors, LLC (1)
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Common Stock Purchase Warrants 12/02/97 12/15/01 Common Stock, no 500,000 $3.00 I By Wexford
par value Spectrum
Investors LLC (1)
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Common Stock Purchase Warrants 12/17/97 12/15/01 Common Stock, no 1,000,000 $3.00 I By Wexford
par value Spectrum
Investors LLC (1)
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Explanation of Responses:
(1) Wexford Management LLC ("Wexford Management") is the manager of (i) Imprimis
Investors LLC, which owns 1,500,000 shares of the issuer's common stock purchase
warrants, and (ii) Wexford Spectrum Investors LLC, which owns 1,500,000 shares
of the issuer's common stock purchase warrants. The reporting person disclaims
beneficial ownership of the securities reported hereby, and this report shall
not be deemed an admission that the reporting person is the beneficial owner of
such securities for purposes of Section 16 or for any other purpose.
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/s/Arthur Amron 1/23/98
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Signature of Reporting Person Date
