Robert Taglich - May 18, 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
May 18, 2021
Transactions value $
$0
Form type
4
Date filed
5/18/2021, 05:41 PM
Next filing
Jul 8, 2021

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 Warrants 23.9K May 18, 2021 Common Stock 15K $3.00 Direct
holding AIRI Warrants 19.2K May 18, 2021 Common Stock 19.2K $3.71 Direct
holding AIRI Warrants 7.69K May 18, 2021 Common Stock 7.69K $3.30 Direct
holding AIRI Warrants 39.3K May 18, 2021 Common Stock 15.3K $3.00 Direct F2
holding AIRI Warrants 51.8K May 18, 2021 Common Stock 12.5K $3.00 Direct F2
holding AIRI Warrants 7.5K May 18, 2021 Common Stock 7.5K $4.45 Direct F2
holding AIRI Warrants 12.5K May 18, 2021 Common Stock 4.37K $3.30 Direct F2
holding AIRI Warrants 4.31K May 18, 2021 Common Stock 4.31K $3.78 Direct F2
holding AIRI Warrants 869 May 18, 2021 Common Stock 869 $4.00 Direct F2
holding AIRI Warrants 98.6K May 18, 2021 Common Stock 98.6K $1.50 Direct F3, F4
holding AIRI Warrants 24K May 18, 2021 Common Stock 24K $1.50 Direct
holding AIRI Warrants 2.44K May 18, 2021 Common Stock 2.44K $5.00 See Note F1
holding AIRI Warrants 3.42K May 18, 2021 Common Stock 3.42K $3.30 See Note F5
holding AIRI Warrants 3.35K May 18, 2021 Common Stock 3.35K $3.78 See Note F5
holding AIRI Warrants 615 May 18, 2021 Common Stock 615 $4.00 See Note F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Custodian for children under NY UGMA.
F2 Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F3 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.
F4 Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F5 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.