Filing Details
- Accession Number:
- 0001193805-17-003589
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-12-12 15:43:25
- Reporting Period:
- 2017-10-03
- Accepted Time:
- 2017-12-12 15:43:25
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1009891 | Air Industries Group | AIRI | Aircraft Parts & Auxiliary Equipment, Nec (3728) | 204458244 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1353439 | Robert Taglich | 790 New York Avenue, Suite 209 Huntington NY 11743 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-10-03 | 1,407,354 | $1.50 | 1,826,786 | No | 4 | C | Direct | |
| Common Stock | Acquisiton | 2017-11-29 | 72,463 | $1.38 | 1,899,249 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2017-10-03 | 44,760 | $1.50 | 44,760 | No | 4 | C | Indirect | See Note |
| Common Stock | Acquisiton | 2017-10-03 | 137,186 | $1.50 | 149,932 | No | 4 | C | Indirect | See Note |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | P | Direct | |
| No | 4 | C | Indirect | See Note |
| No | 4 | C | Indirect | See Note |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options | Acquisiton | 2013-04-23 | 750 | $0.00 | 750 | $6.00 |
| Common Stock | Stock Options | Acquisiton | 2013-09-30 | 750 | $0.00 | 750 | $7.86 |
| Common Stock | Stock Options | Acquisiton | 2013-12-31 | 750 | $0.00 | 750 | $8.98 |
| Common Stock | Stock Options | Acquisiton | 2014-03-31 | 750 | $0.00 | 750 | $9.38 |
| Common Stock | Stock Options | Acquisiton | 2014-05-16 | 750 | $0.00 | 750 | $11.73 |
| Common Stock | Stock Options | Acquisiton | 2014-08-21 | 750 | $0.00 | 750 | $9.24 |
| Common Stock | Stock Options | Acquisiton | 2014-11-24 | 1,750 | $0.00 | 1,750 | $10.26 |
| Common Stock | Stock Options | Acquisiton | 2015-04-06 | 3,000 | $0.00 | 3,000 | $10.05 |
| Common Stock | Stock Options | Acquisiton | 2016-06-02 | 3,000 | $0.00 | 3,000 | $4.64 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-28 | 0 | $2,148.00 | 955 | $2.25 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-28 | 0 | $4,537.00 | 1,725 | $2.63 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-07 | 0 | $250,000.00 | 67,386 | $3.71 |
| Common Stock | Convertible Notes | Acquisiton | 2017-03-08 | 0 | $100,000.00 | 30,303 | $3.30 |
| Common Stock | Convertible Notes | Acquisiton | 2016-11-23 | 0 | $112,000.00 | 49,778 | $2.25 |
| Common Stock | Convertible Notes | Acquisiton | 2016-12-22 | 0 | $94,000.00 | 35,742 | $2.63 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-28 | 0 | $4,538.00 | 1,880 | $0.00 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-07 | 0 | $20,000.00 | 5,391 | $3.71 |
| Common Stock | Convertible Notes | Acquisiton | 2017-02-17 | 0 | $60,000.00 | 18,462 | $3.25 |
| Common Stock | Convertible Notes | Acquisiton | 2017-03-08 | 0 | $44,400.00 | 13,455 | $3.30 |
| Common Stock | Convertible Notes | Acquisiton | 2017-03-15 | 0 | $43,600.00 | 11,535 | $3.78 |
| Common Stock | Convertible Notes | Acquisiton | 2017-03-22 | 0 | $8,000.00 | 2,000 | $4.00 |
| Common Stock | Warrants | Acquisiton | 2016-08-19 | 8,307 | $0.00 | 8,307 | $5.00 |
| Common Stock | Warrants | Acquisiton | 2016-10-13 | 13,500 | $0.00 | 13,500 | $6.15 |
| Common Stock | Warrants | Acquisiton | 2016-10-13 | 15,925 | $0.00 | 15,925 | $6.15 |
| Common Stock | Warrants | Acquisiton | 2016-11-23 | 8,889 | $0.00 | 8,889 | $3.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 750 | 2013-04-23 | 2018-04-23 | No | 4 | A | Direct |
| 750 | 2013-09-30 | 2018-09-30 | No | 4 | A | Direct |
| 750 | 2013-12-31 | 2018-12-31 | No | 4 | A | Direct |
| 750 | 2014-03-31 | 2019-03-31 | No | 4 | A | Direct |
| 750 | 2014-05-16 | 2019-05-15 | No | 4 | A | Direct |
| 750 | 2014-08-21 | 2019-08-20 | No | 4 | A | Direct |
| 1,750 | 2014-11-24 | 2019-11-23 | No | 4 | A | Direct |
| 3,000 | 2020-04-05 | No | 4 | A | Direct | |
| 3,000 | 2021-06-01 | No | 4 | A | Direct | |
| 0 | 2016-11-23 | 2018-11-30 | No | 4 | J | Direct |
| 0 | 2016-12-22 | 2018-11-30 | No | 4 | J | Direct |
| 0 | 2017-02-07 | 2019-01-31 | No | 4 | P | Direct |
| 0 | 2017-03-08 | 2019-01-31 | No | 4 | P | Direct |
| 0 | 2016-11-23 | 2018-11-30 | No | 4 | J | Indirect |
| 0 | 2016-12-22 | 2018-11-30 | No | 4 | J | Indirect |
| 0 | 2016-11-23 | 2018-11-30 | No | 4 | J | Indirect |
| 0 | 2017-02-07 | 2019-01-31 | No | 4 | J | Indirect |
| 0 | 2017-02-17 | 2019-01-31 | No | 4 | J | Indirect |
| 0 | 2017-03-08 | 2019-01-31 | No | 4 | J | Indirect |
| 0 | 2017-03-15 | 2019-01-31 | No | 4 | J | Indirect |
| 0 | 2017-03-22 | 2019-01-31 | No | 4 | J | Indirect |
| 8,307 | 2016-08-19 | 2021-07-31 | No | 4 | P | Direct |
| 13,500 | 2016-11-27 | 2021-05-26 | No | 4 | J | Direct |
| 15,925 | 2016-09-01 | 2021-07-31 | No | 4 | J | Direct |
| 8,889 | 2016-11-23 | 2021-11-30 | No | 4 | P | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 17,990 | Indirect | See Note |
Footnotes
- Includes 659,882 shares acquired upon conversion of Series A Preferred Stock, 516,144 shares acquired upon conversion of notes issued in May 2017 and 231,328 shares acquired upon conversion of notes issued in March 2017.
- Represent shares acquired upon conversion of Series A Preferred Stock for which Mr. Taglich is the custodian for his children under NY UGMA.
- Owned by Tag/Kent Partners, of which Reporting Person is a General Partner, and includes 137,186 shares received upon conversion of notes issued in May 2017.
- Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
- Fully vested as of 11/01/2016.
- Fully vested as of 01/01/2016.
- Represents convertible notes received in lieu of cash payment of accrued interest on February 28, 2017.
- Represents Issuer's 8% Subordinated Convertible Notes due November 30, 2018 (the "2018 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in November 2016.
- Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in December 2016.
- Conversion price is $2.25 per share as to $2,406 principal amount of 2018 Notes and $2.63 per share as $2,132 principal amount of 2018 Notes issued in lieu of cash payment of accrued interest on the 2018 Notes issued in November and December 2016, respectively.
- Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of accrued interest on the 2018 Notes.
- Represents Issuer's 8% Subordinated Convertible Notes due January 31, 2019 (the "2019 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 7, 2017.
- Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 17, 2017.
- Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 8, 2017.
- Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 15, 2017.
- Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 21, 2017.
- Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
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