AI assistant
AIR INDUSTRIES GROUP — Director's Dealing 2016
Dec 27, 2016
35084_dirs_2016-12-27_923397e4-c56d-4529-96d6-dff4b5bc9fe7.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2016-12-22
Reporting Person: TAGLICH MICHAEL N (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-06-29 | Common Stock | M | 3000 | $2.95 | Acquired | 360497 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-06-02 | Stock Options (right to purchase) | $4.64 | A | 750 | Acquired | 2021-06-01 | Common Stock (750) | Direct |
| 2016-11-23 | Convertible Notes | $2.25 | P | Acquired | 2018-11-30 | Common Stock (444444) | Direct | |
| 2016-11-30 | Convertible Notes | $ | C | Disposed | 2017-12-31 | See Note () | Direct | |
| 2016-11-30 | Series A Preferred Stock | $4.92 | C | 157586 | Acquired | Common Stock (320293) | Direct | |
| 2016-12-22 | Convertible Note | $2.63 | P | Acquired | 2018-11-30 | Common Stock (114068) | Direct | |
| 2016-12-22 | Warrants | $3 | P | 22814 | Acquired | 2021-11-30 | Common Stock (22814) | Direct |
| 2016-12-22 | Warrants | $3 | P | 44677 | Acquired | 2021-11-30 | Common Stock (44677) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17990 | Indirect |
| Common Stock | 12746 | Indirect |
Footnotes
F1: Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F2: Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
F3: Converted into shares of Series A Convertible Preferred Stock ("Series A Preferred Stock") at $10 per share upon filing of Certificate of Amendment increasing number of authorized shares of Preferred Stock. Until automatically converted into shares of Series A Preferred Stock, the Note had been convertible into shares of Common Stock at an exercise price of $4.92 per share, the conversion price of the Series A Preferred Stock.
F4: Includes shares received in lieu of cash dividends on December 15, 2016.
F5: There is no expiration date.
F6: Represents Placement Agent Warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 8% Subordinated Convertible Notes in December 2016.