Sec Form 4 Filing - TAGLICH ROBERT @ 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
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/YY)
02/13/2019
(Street)
HUNTINGTON, NY11743
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
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
Warrants $ 3 12/22/2016 P 15,029 12/22/2016 11/30/2021 Common Stock 15,029 $ 0 23,918 D
Warrants $ 3.71 02/07/2017 P 19,230 02/07/2017 01/31 /2022 Common Stock 19,230 $ 0 19,230 D
Warrants $ 3.3 03/08/2017 P 7,692 03/08/2017 01/31/2022 Common Stock 7,692 $ 0 7,692 D
Warrants $ 3 03/15/2017 J( 2 ) 15,344 11/22/2016 11/30/2021 Common Stock 15,344 $ 0 39,262 D
Warrants $ 3 03/15/2017 J( 2 ) 12,540 12/22/2016 11/30/2021 Common Stock 12,540 $ 0 51,802 D
Warrants $ 4.45 03/15/2017 J( 2 ) 7,500 02/17/2017 01/31/2022 Common Stock 7,500 $ 0 7,500 D
Warrants $ 3.3 03/15/2017 J( 2 ) 4,374 03/08/2017 01/31/2022 Common Stock 4,374 $ 0 12,542 D
Warrants $ 3.78 03/15/2017 J( 2 ) 4,306 03/15/2017 01/31/2022 Common Stock 4,306 $ 0 4,306 D
Warrants $ 4 03/21/2017 J( 2 ) 869 03/21/2017 01/31/2022 Common Stock 869 $ 0 869 D
Warrants $ 1.5 ( 3 ) 05/12/2017 P 93,279 05/12/2017 05/12/2022 Common Stock 93,279 $ 0 93,279 D
Warrants $ 1.5 11/29/2017 P 24,000 11/29/2017 11/30/2022 Common Stock 24,000 $ 0 24,000 D
Warrants $ 5 08/19/2016 P 2,436 08/19/2016 07/31/2021 Common Stock 2,436 $ 0 2,436 I See Note ( 1 )
Warrants $ 8.72 01/01/2014 A 10,000 04/01/2014 12/31/2019 Common Stock 10,000 $ 0 10,000 I See Note ( 4 )
Warrants $ 3.3 03/08/2017 J( 5 ) 3,416 03/08/2017 01/31/2022 Common Stock 3,416 $ 0 3,416 I See Note ( 5 )
Warrants $ 3.78 03/15/2017 J( 5 ) 3,354 03/15/2017 01/31/2022 Common Stock 3,354 $ 0 3,354 I See Note ( 5 )
Warrants $ 4 03/21/2017 J( 5 ) 615 03/21/2017 01/31/2022 Common Stock 615 $ 0 615 I See Note ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TAGLICH ROBERT
790 NEW YORK AVENUE, SUITE 209
HUNTINGTON, NY11743
X X
Signatures
/s/ Robert F. Taglich 02/14/2019
Signature of Reporting Person Date
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 )Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to Capital Markets Advisory Agreement.
( 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.

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