Sec Form 4 Filing - BUONANNO DAVID @ AIR INDUSTRIES GROUP - 2019-02-13

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
BUONANNO DAVID
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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
8213 BAY SHORE DRIVE WEST
3. Date of Earliest Transaction (MM/DD/YY)
02/13/2019
(Street)
MARGATE CITY, NJ08402
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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
Common Stock 46,024 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to purchase) $ 9.38 03/31/2014 A 750 03/31/2014 03/31/2019 Common Stock 750 $ 0 750 D
Stock Options (right to purchase) $ 11.73 05/16/2014 A 750 05/16/2014 05/15/2019 Common Stock 750 $ 0 750 D
Stock Options (right to purchase) $ 9.24 08/21/2014 A 750 08/21/2014 08/20/2019 Common Stock 750 $ 0 750 D
Stock Options (right to purchase) $ 10.26 11/24/2014 A 1,750 11/24/2014 11/23/2019 Common Stock 1,750 $ 0 1,750 D
Stock Options (right to purchase) $ 10.05 04/06/2015 A 3,000 ( 1 ) 04/05/2020 Common Stock 3,000 $ 0 3,000 D
Stock Options (right to purchase) $ 4.64 06/02/2016 A 3,000 ( 2 ) 06/01/2021 Common Stock 3,000 $ 0 3,000 D
Stock Options (right to purchase) $ 1.69 01/02/2018 A 3,000 01/02/2018 12/31/2022 Common Stock 3,000 $ 0 3,000 D
Stock Options (right to purchase) $ 1.59 05/14/2018 A 13,000 ( 3 ) 05/31/2023 Common Stock 13,000 $ 0 13,000 D
Stock Options (right to purchase) $ 1.28 02/13/2019 A 10,000 03/31/2019( 4 ) 12/31/2025 Common Stock 10,000 $ 0 10,000 D
Warrants $ 5 08/19/2016 P 1,016 08/19/2016 07/31/2022 Common Stock 1,016 $ 0 1,016 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BUONANNO DAVID
8213 BAY SHORE DRIVE WEST
MARGATE CITY, NJ08402
X
Signatures
/s/ David Buonanno 02/14/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Fully vested as of January 1, 2016.
( 2 )Fully vested as of February 1, 2017.
( 3 )Fully vested as of December 31, 2018.
( 4 )Vests as to 2,500 shares on March 31, 2019, an additional 2,500 shares on each of June 30, 2019, September 31, 2019 and December 31, 2019.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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