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AIRI Air Industries Group

6.20
-0.90 (-12.68%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Air Industries Group AMEX:AIRI AMEX Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.90 -12.68% 6.20 7.10 5.64 6.99 142,181 00:59:51

Statement of Changes in Beneficial Ownership (4)

13/04/2020 10:51pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TAGLICH ROBERT
2. Issuer Name and Ticker or Trading Symbol

AIR INDUSTRIES GROUP [ AIRI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

790 NEW YORK AVENUE, SUITE 209
3. Date of Earliest Transaction (MM/DD/YYYY)

4/13/2020
(Street)

HUNTINGTON, NY 11743
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants $3           12/22/2016 11/30/2021 Common Stock 15029  23918 D  
Warrants $3.71           2/7/2017 1/31/2022 Common Stock 19230  19230 D  
Warrants $3.3           3/8/2017 1/31/2022 Common Stock 7692  7692 D  
Warrants (2)$3           11/22/2016 11/30/2021 Common Stock 15344  39262 D  
Warrants (2)$3           12/22/2016 11/30/2021 Common Stock 12540  51802 D  
Warrants (2)$4.45           2/17/2017 1/31/2022 Common Stock 7500  7500 D  
Warrants (2)$3.3           3/8/2017 1/31/2022 Common Stock 4374  12542 D  
Warrants (2)$3.78           3/15/2017 1/31/2022 Common Stock 4306  4306 D  
Warrants (2)$4           3/21/2017 1/31/2022 Common Stock 869  869 D  
Warrants $1.5 (3)          5/12/2017 5/12/2022 Common Stock 98590 (4) 98590 (4)D  
Warrants $1.5           11/29/2017 11/30/2022 Common Stock 24000  24000 D  
Warrants $5           8/19/2016 7/31/2021 Common Stock 2436  2436 I See Note (1)
Warrants $3.3           3/8/2017 1/31/2022 Common Stock 3416  3416 I See Note (5)
Warrants $3.78           3/15/2017 1/31/2022 Common Stock 3354  3354 I See Note (5)
Warrants $4           3/21/2017 1/31/2022 Common Stock 615  615 I See Note (5)

Explanation of Responses:
(1) Custodian for children under NY UGMA.
(2) Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
(3) 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.
(4) Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
(5) 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
TAGLICH ROBERT
790 NEW YORK AVENUE, SUITE 209
HUNTINGTON, NY 11743
XX


Signatures
/s/ Robert F. Taglich4/13/2020
**Signature of Reporting PersonDate

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