AIR INDUSTRIES GROUP — Director's Dealing 2018

Jun 25, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2017-07-24

Reporting Person: Richmond David S. (10% Owner, See Footnote 1)
Reporting Person: RBI Private Investment II, LLC (See Footnote 1)
Reporting Person: RBI PI Manager, LLC (See Footnote 1)
Reporting Person: Richmond Brothers 401(k) Profit Sharing Plan (See Footnote 1)
Reporting Person: Richmond Brothers, Inc. (10% Owner, See Footnotes 1 and 2)
Reporting Person: Curfman Matthew J. (10% Owner, See Footnote 1)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-24	Common Stock	P	1633	$1.4878	Acquired	3130	Indirect
2017-09-21	Common Stock	P	1886	$1.44	Acquired	6859	Indirect
2017-09-21	Common Stock	P	2464	$1.44	Acquired	9323	Indirect
2017-11-27	Common Stock	P	1685	$1.3798	Acquired	14657	Indirect
2017-11-27	Common Stock	P	2190	$1.3798	Acquired	16847	Indirect
2018-06-14	Common Stock	P	10944	$1.6955	Acquired	30814	Indirect
2018-06-14	Common Stock	P	9547	$1.6955	Acquired	40361	Indirect
2018-06-14	Common Stock	P	7281	$1.6955	Acquired	47642	Indirect
2018-06-14	Common Stock	P	9732	$1.6955	Acquired	57374	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15333	Indirect

Footnotes

F1: This Form 4 is filed jointly by RBI Private Investment II, LLC ("RBI PII"), RBI PI Manager, LLC ("RBI Manager"), Richmond Brothers 401(k) Profit Sharing Plan ("RBI Plan"), Richmond Brothers, Inc. ("Richmond Brothers"), David S. Richmond and Matthew J. Curfman (collectively, the "Reporting Persons"). Each of the Reporting Persons 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. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.

F2: Not reported herein are securities of the Issuer held in certain accounts managed by Richmond Brothers (the "Separately Managed Accounts"). Richmond Brothers is entitled to a management fee from the Separately Managed Accounts based solely on the value of assets under management. Accordingly, neither Richmond Brothers nor any other Reporting Person has a pecuniary interest in any of the securities held in the Separately Managed Accounts for purposes of Section 16.

F3: Represents securities directly owned by RBI PII. RBI Manager, as the manager of RBI PII, may be deemed to beneficially own the securities owned directly by RBI PII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PII.

F4: Represents securities directly owned by RBI Plan. Messrs. Richmond and Curfman, as trustees of RBI Plan, may be deemed to beneficially own the securities owned directly by RBI Plan.

F5: Not reported herein are transactions by RBI Plan in which no Reporting Person (including Messrs. Richmond and Curfman) has a pecuniary interest.