AIR INDUSTRIES GROUP — Director's Dealing 2019

Apr 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2019-04-04

Reporting Person: TAGLICH ROBERT (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-04	Common Stock	J	14153	$1.12	Acquired	2096834	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-13	Stock Options	$1.28	A	10000	Acquired	2025-12-31	Common Stock (10000)	Direct
2018-05-14	Stock Options	$1.59	A	13000	Acquired	2023-05-31	Common Stock (13000)	Direct
2014-05-16	Stock Options	$11.73	A	750	Acquired	2019-05-15	Common Stock (750)	Direct
2014-08-21	Stock Options	$9.24	A	750	Acquired	2019-08-20	Common Stock (750)	Direct
2014-11-24	Stock Options	$10.26	A	1750	Acquired	2019-11-23	Common Stock (1750)	Direct
2015-04-06	Stock Options	$10.05	A	3000	Acquired	2020-04-05	Common Stock (3000)	Direct
2016-06-02	Stock Options	$4.64	A	3000	Acquired	2021-06-01	Common Stock (3000)	Direct
2018-01-02	Stock Options (right to purchase)	$1.69	A	3000	Acquired	2022-12-31	Common Stock (3000)	Direct
2018-09-30	Convertible Notes	$1.5	J		Acquired	2020-12-31	Common Stock (433333)	Direct
2019-01-15	Convertible Notes	$0.93	P		Acquired	2020-12-31	Common Stock (1075268)	Direct
2018-09-30	Convertible Notes	$1.5	J		Acquired	2020-12-31	Common Stock (254666)	Indirect
2019-01-15	Convertible Notes	$0.93	J		Acquired	2020-12-31	Common Stock (86021)	Indirect
2018-10-01	Warrants	$1.4	J	17500	Acquired	2023-09-30	Common Stock (17500)	Indirect
2016-08-19	Warrants	$5	P	8307	Acquired	2021-07-31	Common Stock (8307)	Direct
2016-10-13	Warrants	$6.15	J	13500	Acquired	2021-05-26	Common Stock (13500)	Direct
2016-10-13	Warrants	$6.15	J	15925	Acquired	2021-07-31	Common Stock (15925)	Direct
2016-11-23	Warrants	$3	P	8889	Acquired	2021-11-30	Common Stock (8889)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44760	Indirect
Common Stock	27891	Indirect

Footnotes

F1: Represents shares issued in lieu of cash payment of directors' fees.

F2: Represent shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.

F3: Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

F4: Vests as to 2,500 shares on March 31, 2019, and an additional 2,500 shares on each of June 30, 2019, September 31, 2019 and December 31, 2019.

F5: Fully vested as of 12/31/2018.

F6: Fully vested as of 11/01/2016.

F7: Fully vested as of 01/01/2016.

F8: Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes.

F9: Does not include shares issued upon conversion for accrued interest on the Notes.

F10: Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to amendment to Issuer's 8% convertible notes originally issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 8% convertible notes.

F11: Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, issued in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 7% convertible notes in January 2019.

F12: Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.

F13: Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.