AIR INDUSTRIES GROUP — Director's Dealing 2022

Apr 13, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AIR INDUSTRIES GROUP (AIRI)
CIK: 0001009891
Period of Report: 2022-04-11

Reporting Person: Melluzzo Luciano M (President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-11	Stock Options	$0.83	A	200000	Acquired	2027-03-31	Common Stock (200000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$1.22	2026-07-31	Common Stock (180000)	180000	Direct
Stock Options	$1.39	2026-03-31	Common Stock (150000)	150000	Direct
Stock Options	$1.03	2025-03-31	Common Stock (200000)	200000	Direct
Stock Options	$0.88	2024-01-31	Common Stock (200000)	200000	Direct
Stock Options	$1.50	2024-09-30	Common Stock (270000)	270000	Direct

Footnotes

F1: Vests as to 66,667 shares on each of April 12, 2022 and March 31, 2023, and 66,666 shares on March 31, 2024.

F2: Vests in equal instalments of 60,000 shares on July 30, 2021, July 31, 2022 and 2023.

F3: Vests in equal annual instalments of 50,000 commencing March 24, 2021.

F4: Vested as to 66,667 shares on each of March 25, 2020 and 2021, and 66,666 shares on March 25, 2022.