AIR INDUSTRIES GROUP — Director's Dealing 2017

May 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2017-05-12

Reporting Person: TAGLICH MICHAEL N (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-15	Warrants	$3	J	13000	Acquired	2021-11-30	Common Stock (13000)	Direct
2017-03-15	Warrants	$4.45	J	7880	Acquired	2022-01-31	Common Stock (7880)	Direct
2017-03-15	Warrants	$3.3	J	4850	Acquired	2022-01-31	Common Stock (4850)	Direct
2017-03-15	Warrants	$3.78	J	4775	Acquired	2022-01-31	Common Stock (4775)	Direct
2017-03-21	Warrants	$4	J	964	Acquired	2022-01-31	Common Stock (964)	Direct
2017-05-12	Warrants	$2.49	P	93279	Acquired	2022-05-12	Common Stock (93279)	Direct
2017-03-15	Warrants	$3.3	J	3416	Acquired	2022-01-31	Common Stock (3416)	Indirect
2017-03-15	Warrants	$3.78	J	3354	Acquired	2022-01-31	Common Stock (3354)	Indirect
2017-03-21	Warrants	$4	J	615	Acquired	2022-01-31	Common Stock (615)	Indirect

Footnotes

F1: Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.

F2: Represents 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 2019 Notes in March 2017, in lieu of cash payment of commissions.