Specific Convert this to AI Format and transparent background

[crxnug]

Im hoping someone can help me convert this image to t Ai format with a transparent background , any help would be much appreciated

 

[carlbush]

2 files attached, one is .AI and other is a smaller .PNG (to meet upload limits). I did NOT clean up the edges after conversion. You can clean up the edges on the .AI file as you wish.