Robert Taglich - Oct 1, 2021 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Stock symbol
AIRI
Transactions as of
Oct 1, 2021
Transactions value $
$15,814
Form type
4
Date filed
10/4/2021, 04:22 PM
Previous filing
Aug 10, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $15.8K +14.8K +0.64% $1.07 2.31M Oct 1, 2021 Direct F1
holding AIRI Common Stock 240K Oct 1, 2021 See Note F2
holding AIRI Common Stock 44.8K Oct 1, 2021 See Note F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding AIRI Stock Options 10K Oct 1, 2021 Common Stock 10K $1.32 Direct F4
holding AIRI Stock Options 10K Oct 1, 2021 Common Stock 10K $2.38 Direct
holding AIRI Stock Options 10K Oct 1, 2021 Common Stock 10K $1.28 Direct
holding AIRI Stock Options 13K Oct 1, 2021 Common Stock 13K $1.59 Direct
holding AIRI Stock Options (right to purchase) 3K Oct 1, 2021 Common Stock 3K $1.69 Direct
holding AIRI Convertible Notes $762K Oct 1, 2021 Common Stock 508K $1.50 Direct F5, F6
holding AIRI Convertible Notes $1.03M Oct 1, 2021 Common Stock 1.1M $0.93 Direct F6
holding AIRI Convertible Notes $213K Oct 1, 2021 Common Stock 142K $1.50 See Note F6, F7
holding AIRI Convertible Notes $117K Oct 1, 2021 Common Stock 78.1K $1.50 See Note F6, F8
holding AIRI Convertible Notes $28K Oct 1, 2021 Common Stock 30.1K $0.93 See Note F6, F9
holding AIRI Warrants 17.5K Oct 1, 2021 Common Stock 17.5K $1.40 See Note F10
holding AIRI Warrants 8.89K Oct 1, 2021 Common Stock 8.89K $3.00 Direct
holding AIRI Warrants 23.9K Oct 1, 2021 Common Stock 15K $3.00 Direct
holding AIRI Warrants 19.2K Oct 1, 2021 Common Stock 19.2K $3.71 Direct
holding AIRI Warrants 7.69K Oct 1, 2021 Common Stock 7.69K $3.30 Direct
holding AIRI Warrants 39.3K Oct 1, 2021 Common Stock 15.3K $3.00 Direct F11
holding AIRI Warrants 51.8K Oct 1, 2021 Common Stock 12.5K $3.00 Direct F11
holding AIRI Warrants 7.5K Oct 1, 2021 Common Stock 7.5K $4.45 Direct F11
holding AIRI Warrants 12.5K Oct 1, 2021 Common Stock 4.37K $3.30 Direct F11
holding AIRI Warrants 4.31K Oct 1, 2021 Common Stock 4.31K $3.78 Direct F11
holding AIRI Warrants 869 Oct 1, 2021 Common Stock 869 $4.00 Direct F11
holding AIRI Warrants 98.6K Oct 1, 2021 Common Stock 98.6K $1.50 Direct F12, F13
holding AIRI Warrants 24K Oct 1, 2021 Common Stock 24K $1.50 Direct
holding AIRI Warrants 3.42K Oct 1, 2021 Common Stock 3.42K $3.30 See Note F14
holding AIRI Warrants 3.35K Oct 1, 2021 Common Stock 3.35K $3.78 See Note F14
holding AIRI Warrants 615 Oct 1, 2021 Common Stock 615 $4.00 See Note F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in lieu of cash payment of director's fees.
F2 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F3 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F4 Vests as to 2,500 shares on March 31, 2021, an additional 2,500 shares on each of June 30, 2021, September 30, 2021 and December 31, 2021.
F5 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued 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 Managing Director, 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 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Managing Director, originally issued to Taglich Brothers 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.
F9 Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, 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.
F10 Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
F11 Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F12 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.
F13 Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F14 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.