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Filing Details

Accession Number:: 0001213900-21-063884
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-07 15:01:06
Reporting Period:: 2021-12-06

Accepted Time:: 2021-12-07 15:01:06
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
1024533	N Michael Taglich	C/O Taglich Brothers, Inc. 37 Main Street Cold Spring Harbor NY 11724		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-12-06	7,649	$0.92	3,992,540	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	239,946	Indirect	See Note

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$1.32		2027-12-31	10,000	10,000	Direct
Common Stock	Stock Options	$2.38	2020-12-31	2026-12-31	10,000	10,000	Direct
Common Stock	Stock Options	$1.28	2019-12-31	2025-12-31	10,000	10,000	Direct
Common Stock	Stock Options	$1.59	2018-05-14	2023-05-31	13,000	13,000	Direct
Common Stock	Stock Options (right to purchase)	$1.69	2018-01-02	2022-12-31	3,000	3,000	Direct
Common Stock	Convertible Notes	$1.50	2018-09-30	2023-07-01	1,015,438	0	Direct
Common Stock	Convertible Notes	$0.93	2019-01-15	2023-07-01	1,103,225	0	Direct
Common Stock	Convertible Notes	$1.50	2018-09-30	2023-07-01	142,161	0	Indirect
Common Stock	Convertible Notes	$1.50	2018-09-30	2023-07-01	78,111	0	Indirect
Common Stock	Convertible Notes	$0.93	2019-01-15	2023-07-01	30,108	0	Indirect
Common Stock	Warrants	$1.40	2018-10-01	2023-09-30	17,500	17,500	Indirect
Common Stock	Warrants	$1.50	2017-01-29	2022-11-30	48,000	48,000	Direct
Common Stock	Warrants	$4.45	2017-02-17	2022-01-31	7,880	7,880	Direct
Common Stock	Warrants	$3.30	2017-03-08	2022-01-31	4,850	4,850	Direct
Common Stock	Warrants	$3.78	2017-03-15	2022-01-31	4,775	4,775	Direct
Common Stock	Warrants	$4.00	2017-03-21	2022-01-31	964	964	Direct
Common Stock	Warrants	$1.50	2017-05-12	2022-05-12	98,591	98,591	Direct
Common Stock	Warrants	$3.78	2017-03-15	2022-01-31	3,354	3,354	Indirect
Common Stock	Warrants	$4.00	2017-03-21	2022-01-31	615	615	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2027-12-31	10,000	10,000	Direct
2026-12-31	10,000	10,000	Direct
2025-12-31	10,000	10,000	Direct
2023-05-31	13,000	13,000	Direct
2022-12-31	3,000	3,000	Direct
2023-07-01	1,015,438	0	Direct
2023-07-01	1,103,225	0	Direct
2023-07-01	142,161	0	Indirect
2023-07-01	78,111	0	Indirect
2023-07-01	30,108	0	Indirect
2023-09-30	17,500	17,500	Indirect
2022-11-30	48,000	48,000	Direct
2022-01-31	7,880	7,880	Direct
2022-01-31	4,850	4,850	Direct
2022-01-31	4,775	4,775	Direct
2022-01-31	964	964	Direct
2022-05-12	98,591	98,591	Direct
2022-01-31	3,354	3,354	Indirect
2022-01-31	615	615	Indirect

Footnotes

Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
Vests as to 2,500 shares on March 31, 2021, an additional 2,500 shares on each of June 30, 2021, September 30, 2021 and December 31, 2021.
Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020.
Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, pursuant to amendment to Issuer's 8% convertible notes originally issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 8% convertible notes.
Represents 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, originally issued to Taglich Brothers pursuant to amendment to Issuer's 8% convertible notes originally issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 8% convertible notes.
Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 7% convertible notes in January 2019.
Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
Exercise price was reduced from $2.49 to $1.50 per share, the public offering price of the Issuer's common stock in the Issuer's public offering which closed on July 12, 2017, pursuant to the terms of the warrant.
Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions.