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: 2008-10-03

Reporting Person: TAGLICH ROBERT (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16667	Direct
Common Stock	200000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series B Preferred Stock	$		Common Stock (5527)		Direct
Series B Preferred Stock	$		Common Stock (5546)		Indirect
Series B Preferred Stock	$		Common Stock (24000)		Direct
Placement Agent Warrants	$.305	2012-04-12	Common Stock (693674)		Direct

Footnotes

F1: Acquired by Reporting Person in connection with purchase by Taglich Brothers, Inc. of Issuer's subordinated note in June
2008. Reporting Person is Managing Director of Taglich Brothers, Inc.

F2: Received by Taglich Brothers, Inc. for acting as placement agent for Issuer's offering of junior subordinated notes in
September and October 2008.

F3: Acquired by Reporting Person during Issuer's April 2007 offering of Series B convertible preferred stock. Convertible to
200,908 shares of Issuer's Common Stock.

F4: Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.

F5: Reporting Person's portion of such shares received by Taglich Brothers, Inc. for acting as placement agent for Issuer's
offering of junior subordinated notes in September and October 2008. Convertible to 872,400 Shares of Issuer's Common Stock.

F6: Reporting Person's portion of a total 2,900,574 Placement Agent Warrants received by Taglich Brothers, Inc., which acted as
placement agent of Issuer's series B convertible preferred stock in April and May of 2007.