AIR INDUSTRIES GROUP — Director's Dealing 2008

Oct 16, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP, INC. (OTCBB:AIRI)
CIK: 0001009891
Period of Report: 2008-09-22

Reporting Person: TAGLICH MICHAEL N (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Convertible Preferred Stock	$.305		Common Stock (27735)		Direct
Series B Convertible Preferred Stock	$.305		Common Stock (5546)		Indirect
Series B Convertible Preferred Stock	$.305		Common Stock (8000)		Direct
Placement Agent Warrants	$.305	2012-04-12	Common Stock (693674)		Direct

Footnotes

F1: Received by Taglich Brothers, Inc. for acting as placement agent for Issuer's offering of junior subordinated notes in
September and October 2008.

F2: Acquired by Reporting Person during Issuer's April 2007 offering of Series B Convertible preferred stock. Convertible to
1,008,178 shares of Issuer's Common Stock. Reporting Person is Chairman and President of Taglich Brothers, Inc.

F3: Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.

F4: Reporting Person's portion of 32,000 such shares received in connection with Taglich Brothers, Inc. purchase in September
2008 of Issuer's junior subordinated notes. Convertible to 290,803 shares of Issuer's Common Stock.

F5: Reporting Person's portion of a total 2,900,574 Placement Agent Warrants received by Taglich Brothers, Inc., which acted as
placement agent for the sale of Issuer's series B convertible preferred stock in April and May of 2007.