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AIR INDUSTRIES GROUP — Director's Dealing 2021
Jan 6, 2021
35084_dirs_2021-01-06_c838fe0f-ee41-46d8-a4a2-0580543e7c00.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: 2021-01-04
Reporting Person: TAGLICH MICHAEL N (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-04 | Common Stock | J | 12857 | $1.23 | Acquired | 3916571 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 239946 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (right to purchase) | $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 | $4.64 | 2021-06-01 | Common Stock (3000) | 3000 | Direct |
| Stock Options (right to purchase) | $1.69 | 2022-12-31 | Common Stock (3000) | 3000 | Direct |
| Convertible Notes | $1.5 | 2020-12-31 | Common Stock (866666) | Direct | |
| Convertible Notes | $0.93 | 2020-12-31 | Common Stock (1103225) | Direct | |
| Convertible Notes | $1.5 | 2020-12-31 | Common Stock (254666) | Indirect | |
| Convertible Notes | $0.93 | 2020-12-31 | Common Stock (30107) | Indirect | |
| Warrants | $1.4 | 2023-09-30 | Common Stock (17500) | 17500 | Indirect |
| Warrants | $5 | 2021-07-31 | Common Stock (61817) | 61817 | Direct |
| Warrants | $6.15 | 2021-05-26 | Common Stock (16500) | 16500 | Direct |
| Warrants | $6.15 | 2021-07-31 | Common Stock (19300) | 19300 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (88889) | 88889 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (22814) | 111703 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (19000) | 130703 | Direct |
| Warrants | $1.5 | 2022-11-30 | Common Stock (48000) | 48000 | Direct |
| Warrants | $3 | 2021-11-30 | Common Stock (13000) | 143703 | Direct |
| Warrants | $4.45 | 2022-01-31 | Common Stock (7880) | 7880 | Direct |
| Warrants | $3.3 | 2022-01-31 | Common Stock (4850) | 4850 | Direct |
| Warrants | $3.78 | 2022-01-31 | Common Stock (4775) | 4775 | Direct |
| Warrants | $4 | 2022-01-31 | Common Stock (964) | 964 | Direct |
| Warrants | $1.5 | 2022-05-12 | Common Stock (98591) | 98591 | Direct |
| 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: Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F3: Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes.
F4: Does not include shares issued upon conversion for accrued interest on the Notes.
F5: Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
F6: Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
F7: Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
F8: Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F9: 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.
F10: Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F11: Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions.