AIR INDUSTRIES GROUP — Director's Dealing 2019

Jan 18, 2019

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2018-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-30	Common Stock	J	146484	$1.39	Acquired	3496915	Direct
2018-10-05	Common Stock	J	29741	$1.41	Acquired	3526656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-30	Convertible Note	$1.5	J		Acquired	2020-12-31	Common Stock (866667)	Direct
2018-09-30	Convertible Note	$1.5	J		Acquired	2020-12-31	Common Stock (254666)	Indirect

Footnotes

F1: Shares issued in lieu of cash payment of accrued interest on 8% Convertible Notes (the "8%" Notes).

F2: Shares issued in lieu of cash payment of director's fees.

F3: 6% Convertible Notes issued pursuant to amendment to 8% Notes reducing interest rate, reducing conversion rate to $1.50 per share and extendiing maturity date until December 31, 2020.

F4: Represents Notes owned by Taglich Brothers, Inc., of which Reporting Person is Chairman and President.