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AIR INDUSTRIES GROUP — Director's Dealing 2016
Nov 28, 2016
35084_dirs_2016-11-28_7c87d84d-2ec8-48a6-989b-76b364d556c8.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: 2016-11-23
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 |
|---|---|---|---|---|---|---|---|---|
| 2012-09-10 | Stock Options (right to purchase) | $6 | A | 3000 | Acquired | 2017-09-10 | Common Stock (3000) | Direct |
| 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 | $6.3 | A | 31190 | Acquired | 2017-06-22 | Common Stock (31190) | Direct |
| 2014-01-01 | Warrants | $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 | 2019-08-20 | Common Stock (750) | Direct |
| 2014-11-24 | Stock Options (right to purchase) | $10.26 | A | 1750 | Acquired | 2019-11-23 | Common Stock (1750) | Direct |
| 2015-04-06 | Stock Options (right to purchase) | $10.05 | A | 3000 | Acquired | 2020-04-05 | Common Stock (3000) | Direct |
| 2016-05-26 | Series A Convertible Preferred Stock | $4.92 | P | 110000 | Acquired | Common Stock (223575) | Direct | |
| 2016-05-26 | Warrants | $6.15 | P | 16500 | Acquired | 2021-05-26 | Common Stock (16500) | Direct |
| 2016-06-02 | Stock Options (right to purchase) | $4.64 | A | 750 | Acquired | 2021-06-01 | Common Stock (750) | Direct |
| 2016-06-02 | Stock Options (right to purchase) | $4.64 | A | 750 | Acquired | 2021-06-01 | Common Stock (750) | Direct |
| 2016-06-02 | Stock Options (right to purchase) | $4.64 | A | 750 | Acquired | 2021-06-01 | Common Stock (750) | Direct |
| 2016-06-02 | Stock Options (right to purchase) | $4.64 | A | 750 | Acquired | 2021-06-01 | Common Stock (750) | Direct |
| 2016-08-19 | Convertible Notes | $10 | P | Acquired | 2017-12-31 | Common Stock (309088) | Direct | |
| 2016-08-19 | Series A Preferred Stock | $4.92 | P | 152071 | Acquired | Common Stock (309088) | Direct | |
| 2016-08-19 | Warrants | $5 | P | 61817 | Acquired | 2021-07-31 | Common Stock (61630) | Direct |
| 2016-08-19 | Warrants | $6.15 | P | 69025 | Acquired | 2021-07-31 | Common Stock (69205) | Indirect |
| 2016-09-15 | Series A Preferred Stock | $4.92 | J | 5108 | Acquired | Common Stock (10382) | Direct | |
| 2016-11-23 | Convertible Notes | $2.25 | P | Acquired | 2018-11-30 | Common Stock (444444) | Direct | |
| 2016-11-23 | Warrants | $3 | P | 88889 | Acquired | 2021-11-30 | Common Stock (88889) | Direct |
| 2016-11-23 | Warrants | $3 | P | 62222 | Acquired | 2021-11-30 | Common Stock (62222) | 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: Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, pursuant to Capital Markets Advisory Agreement.
F4: There is no expiration date.
F5: Automatically converts into 151,611 shares of Series A Preferred Stock upon filing of certificate of amendment to articles of incorporation increasing the number of authorized shares of preferred stock available for conversion (the "Certificate of Amendment").
F6: Upon filing of Certificate of Amendment.
F7: 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 12% Subordinated Convertible Notes in August 2016.
F8: Represents shares received in lieu of cash dividends.
F9: 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 November 2016.