AIR INDUSTRIES GROUP — Director's Dealing 2018

Oct 9, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2018-10-01

Reporting Person: RBI Private Investment III, LLC (See Footnote 1)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	800000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants (right to buy)	$1.40	2023-09-30	Common Stock (280000)		Direct

Footnotes

F1: RBI Private Investment III, LLC ("RBI PIII") may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.

F2: Represents securities directly owned by RBI PIII. RBI PI Manager, LLC ("RBI Manager"), as the manager of RBI PIII, may be deemed to beneficially own the securities owned directly by RBI PIII. David S. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PIII. Each of the foregoing disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.