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AIR INDUSTRIES GROUP — Director's Dealing 2007
Feb 15, 2007
35084_dirs_2007-02-15_d6b04c97-7904-438c-8344-3d8b4bfc20e3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Gales Industries Inc (GLDS)
CIK: 0001009891
Period of Report: 2007-02-13
Reporting Person: BROWN JAMES A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-13 | Director Stock Option (Right to Buy) | $.27 | A | 100000 | Acquired | 2012-02-29 | Common Stock (100000) | Direct |
Footnotes
F1: The reporting person received a grant of options to purchase 100,000 shares on February 13, 2007. One third of those options
became exercisable immediately, another third become exercisable on the one-year anniversary of the grant, and the remaining
third become eligible on the second anniversary of the grant, contingent upon continued service to the company.
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