Sec Form 4 Filing - Rettaliata Peter @ AIR INDUSTRIES GROUP - 2019-04-04

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
Rettaliata Peter
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)
46 IROQUOIS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
04/04/2019
(Street)
BRIGHTWATERS, NY11706
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 04/04/2019 J( 1 ) 12,307 A $ 1.12 111,936 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) $ 6.6 09/16/2013 A 18,750 09/01/2014 08/31/2020 Common Stock 18,750 $ 0 18,750 D
Stock Options (right to purchase) $ 1.42 07/24/2017 A 50,000 07/24/2018( 2 ) 07/24/2024 Common Stock 50,000 $ 0 50,000 D
Stock Options (right to purchase) $ 1.59 05/14/2018 A 10,000 05/14/2018( 3 ) 05/31/2023 Common Stock 10,000 $ 0 10,000 D
Stock Options (right to purchase) $ 1.28 02/13/2019 A 10,000 01/31/2019( 4 ) 12/31/2025 Common Stock 10,000 $ 0 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Rettaliata Peter
46 IROQUOIS DRIVE
BRIGHTWATERS, NY11706
X
Signatures
/s/ Peter Rettaliata 04/04/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares issued in lieu of cash payment of directors' fees.
( 2 )Vests in annual installments of 10,000 shares commencing July 24, 2018.
( 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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