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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.