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AIR INDUSTRIES GROUP Director's Dealing 2014

Aug 22, 2014

35084_dirs_2014-08-22_3bbc5b02-9d92-4ec4-b2cf-988d8c182f63.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2014-08-21

Reporting Person: TAGLICH ROBERT (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-04-23 Stock Options (right to purchase) $6 A 750 Acquired 2018-04-23 Common Stock (750) Direct
2013-09-30 Stock Options (right to purchase) $7.86 A 750 Acquired 2018-09-30 Common Stock (750) Direct
2013-12-31 Stock Options (right to purchase) $8.98 A 750 Acquired 2018-12-31 Common Stock (750) Direct
2014-03-31 Stock Options (right to purchase) $9.38 A 750 Acquired 2019-03-31 Common Stock (750) Direct
2012-06-22 Warrants (1) (right to purchase) $6.3 A 31190 Acquired 2017-06-22 Common Stock (31190) Indirect
2014-01-01 Warrants (1) (right to purchase) $8.72 A 10000 Acquired 2019-12-31 Common Stock (10000) Indirect
2014-05-16 Stock Options (right to purchase) $11.73 A 750 Acquired 2019-05-15 Common Stock (750) Direct
2014-08-21 Stock Options (right to purchase) $9.24 A 750 Acquired 2019-08-22 Common Stock (750) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 369998 Direct
Common Stock 45980 Indirect
Common Stock 12746 Indirect

Footnotes

F1: Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

F2: Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.

F3: Reporting Person's portion of a total 118,585 Placement Agent Warrants received by Taglich Brothers, Inc., which acted as placement agent for the sale of Issuer's common stock in June and July of 2012.

F4: Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to Capital Markets Advisory Agreement. The warrants are exercisable as to 2,500 shares commencing April 1, 2014, a total of 5,000 shares commencing July 1, 2014, a total of 7,500 shares commencing October 1, 2014 and a total of 10,000 shares on January 1, 2015.