SKARR TOBY

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2004-05-27	2004-05-26	Kitty Hawk Inc (KHKH)	S Sale	77,161 +30.0% 33.28 US$1,239,696	77,161 +30.0%	33.28	US$1,239,696
2004-05-26	2004-05-24	Kitty Hawk Inc (KHKH)	S Sale	4,041 +41.0% 454.22 US$3,253,256	4,041 +41.0%	454.22	US$3,253,256
2004-05-24	2004-05-21	Kitty Hawk Inc (KHKH)	S Sale	77,604 -22.1% 422.20 US$2,996,270	77,604 -22.1%	422.20	US$2,996,270
2004-05-21	2004-05-20	Kitty Hawk Inc (KHKH)	S Sale	4,500 -100.0% 1.55 US$6,975	4,500 -100.0%	1.55	US$6,975