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AIR INDUSTRIES GROUP — Director's Dealing 2021
Oct 4, 2021
35084_dirs_2021-10-04_107dacb8-3cb4-44a7-9b19-c4fdc3e1de52.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2021-10-01
Reporting Person: TAGLICH ROBERT (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-01 | Common Stock | J | 14779 | $1.07 | Acquired | 2311482 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 239946 | Indirect |
| Common Stock | 44760 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $1.32 | 2027-12-31 | Common Stock (10000) | 10000 | Direct |
| Stock Options | $2.38 | 2026-12-31 | Common Stock (10000) | 10000 | Direct |
| Stock Options | $1.28 | 2025-12-31 | Common Stock (10000) | 10000 | Direct |
| Stock Options | $1.59 | 2023-05-31 | Common Stock (13000) | 13000 | Direct |
| Stock Options (right to purchase) | $1.69 | 2022-12-31 | Common Stock (3000) | 3000 | Direct |
| Convertible Notes | $1.5 | 2023-07-01 | Common Stock (507719) | Direct | |
| Convertible Notes | $0.93 | 2023-07-01 | Common Stock (1103225) | Direct | |
| Convertible Notes | $1.5 | 2023-07-01 | Common Stock (142161) | Indirect | |
| Convertible Notes | $1.5 | 2023-07-01 | Common Stock (78111) | Indirect | |
| Convertible Notes | $0.93 | 2023-07-01 | Common Stock (30108) | Indirect | |
| Warrants | $1.4 | 2023-09-30 | Common Stock (17500) | 17500 | Indirect |
| Warrants | $3 | 2021-11-30 | Common Stock (8889) | 8889 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (15029) | 23918 | Direct |
| Warrants | $3.71 | 2022-01-31 | Common Stock (19230) | 19230 | Direct |
| Warrants | $3.3 | 2022-01-31 | Common Stock (7692) | 7692 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (15344) | 39262 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (12540) | 51802 | Direct |
| Warrants | $4.45 | 2022-01-31 | Common Stock (7500) | 7500 | Direct |
| Warrants | $3.3 | 2022-01-31 | Common Stock (4374) | 12542 | Direct |
| Warrants | $3.78 | 2022-01-31 | Common Stock (4306) | 4306 | Direct |
| Warrants | $4 | 2022-01-31 | Common Stock (869) | 869 | Direct |
| Warrants | $1.5 | 2022-05-12 | Common Stock (98590) | 98590 | Direct |
| Warrants | $1.5 | 2022-11-30 | Common Stock (24000) | 24000 | Direct |
| Warrants | $3.3 | 2022-01-31 | Common Stock (3416) | 3416 | Indirect |
| Warrants | $3.78 | 2022-01-31 | Common Stock (3354) | 3354 | Indirect |
| Warrants | $4 | 2022-01-31 | Common Stock (615) | 615 | Indirect |
Footnotes
F1: Shares received in lieu of cash payment of director's fees.
F2: Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F3: Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F4: Vests as to 2,500 shares on March 31, 2021, an additional 2,500 shares on each of June 30, 2021, September 30, 2021 and December 31, 2021.
F5: Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
F6: Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020.
F7: 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.
F8: Represents 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Managing Director, originally issued to Taglich Brothers 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.
F9: 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.
F10: 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.
F11: Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F12: Exercise price was reduced from $2.49 to $1.50 per share, the public offering price of the Issuer's common stock in the Issuer's public offering which closed on July 12, 2017, pursuant to the terms of the warrant.
F13: Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F14: Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Managing Director, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions.