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AIR INDUSTRIES GROUP — Director's Dealing 2023
Oct 4, 2023
35084_dirs_2023-10-04_f306f3b8-072a-4e50-a067-6c54f4dc046a.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: 2023-10-04
Reporting Person: TAGLICH MICHAEL N (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-10-04 | Common Stock | J | 4359 | $2.89 | Acquired | 424516 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 23995 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $3.5 | 2028-05-31 | Common Stock (1000) | 1000 | Direct |
| Stock Options | $3.43 | 2028-06-30 | Common Stock (2120) | 2120 | Direct |
| Stock Option | $8.4 | 2027-04-30 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $13.2 | 2027-12-31 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $23.8 | 2026-12-31 | Common Stock (1000) | 1000 | Direct |
| Stock Option | $12.8 | 2025-12-31 | Common Stock (1000) | 1000 | Direct |
| Convertible Notes | $15 | 2026-07-01 | Common Stock (101544) | Direct | |
| Convertible Notes | $9.3 | 2026-07-01 | Common Stock (110323) | Direct | |
| Convertible Notes | $15 | 2026-07-01 | Common Stock (14217) | Indirect | |
| Convertible Notes | $15 | 2026-07-01 | Common Stock (7812) | Direct | |
| Convertible Notes | $9.3 | 2026-07-01 | Common Stock (3011) | 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: Vests as to 250 shares on each of June 2, 2023, June 30, 2023, September 30, 2023 and December 31, 2023.
F4: Exercisable in full.
F5: Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid 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 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.
F8: 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.