AIR INDUSTRIES GROUP — Director's Dealing 2008

Oct 15, 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: SCHROEDER ROBERT C (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Placement Agent Warrants	$.305	2012-04-12	Common Stock (580115)		Direct

Footnotes

F1: Reporting Person's portion of a total of 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 and junior subordinated notes
in June 2008. Reporting Person is Vice President - Investment Banking of Taglich Brothers, Inc.