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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ACM Value Opportunities Fund I, LP
2. Issuer Name and Ticker or Trading Symbol

Saker Aviation Services, Inc. [ SKAS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See Footnote
(Last)          (First)          (Middle)

C/O ARVICE CAPITAL MANAGEMENT, LLC, 110 EAST 25TH STREET - 3RD FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

12/1/2017
(Street)

NEW YORK, NY 10011
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  3000000   I   See Footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Stock Option (Right to Buy)   $0.108   12/1/2017     A   (2)    100000       12/1/2018   12/1/2022   Common Stock   100000   $0   100000   I   See Footnote   (1)

Explanation of Responses:
(1)  ACM Value Opportunities Fund I, LP, a Delaware limited partnership (the "Fund") is the direct owner. ACM Value Opportunities Fund I GP, LLC, a Delaware limited liability company is the general partner of the Fund. Arvice Capital Management, LLC, a Delaware limited liability company (the "Manager") is the manager of the Fund. Mr. Marc Chodock is the managing member of the Manager.
(2)  This option was granted under the Issuer's Stock Option Plan of 2005 in a transaction exempt under Rule 16b-3.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ACM Value Opportunities Fund I, LP
C/O ARVICE CAPITAL MANAGEMENT, LLC
110 EAST 25TH STREET - 3RD FLOOR
NEW YORK, NY 10011



See Footnote
Chodock Marc
C/O ARVICE CAPITAL MANAGEMENT, LLC
110 EAST 25TH STREET - 3RD FLOOR
NEW YORK, NY 10011
X


ACM Value Opportunities Fund I GP, LLC
C/O ARVICE CAPITAL MANAGEMENT, LLC
110 EAST 25TH STREET - 3RD FLOOR
NEW YORK, NY 10011



See Footnote
Arvice Capital Management, LLC
C/O ARVICE CAPITAL MANAGEMENT, LLC
110 EAST 25TH STREET - 3RD FLOOR
NEW YORK, NY 10011



See Footnote

Signatures
/s/ Marc Chodock, Managing Member of ACM Value Opportunities Fund I, LP 12/12/2017
** Signature of Reporting Person Date

/s/ Marc Chodock 12/12/2017
** Signature of Reporting Person Date

/s/ Marc Chodock, Managing Member of ACM Value Opportunities Fund I GP, LLC 12/12/2017
** Signature of Reporting Person Date

/s/ Marc Chodock, Managing Member of Arvice Capital Management, LLC 12/12/2017
** Signature of Reporting Person Date


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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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