Robert F. Taglich - 09 Aug 2021 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Issuer symbol
AIRI
Transactions as of
09 Aug 2021
Net transactions value
+$12,469
Form type
4
Filing time
10 Aug 2021, 14:29:26 UTC
Previous filing
08 Jul 2021
Next filing
04 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Purchase $12,469 +10,000 +0.44% $1.25 2,296,703 09 Aug 2021 Direct
holding AIRI Common Stock 239,946 09 Aug 2021 See Note F1
holding AIRI Common Stock 44,760 09 Aug 2021 See Note F2

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 10,000 09 Aug 2021 Common Stock 10,000 $1.32 Direct F3
holding AIRI Stock Options 10,000 09 Aug 2021 Common Stock 10,000 $2.38 Direct
holding AIRI Stock Options 10,000 09 Aug 2021 Common Stock 10,000 $1.28 Direct
holding AIRI Stock Options 13,000 09 Aug 2021 Common Stock 13,000 $1.59 Direct
holding AIRI Stock Options (right to purchase) 3,000 09 Aug 2021 Common Stock 3,000 $1.69 Direct
holding AIRI Convertible Notes $761,579 09 Aug 2021 Common Stock 507,719 $1.50 Direct F4, F5
holding AIRI Convertible Notes $1,026,000 09 Aug 2021 Common Stock 1,103,225 $0.9300 Direct F5
holding AIRI Convertible Notes $213,242 09 Aug 2021 Common Stock 142,161 $1.50 See Note F5, F6
holding AIRI Convertible Notes $117,166 09 Aug 2021 Common Stock 78,111 $1.50 See Note F5, F7
holding AIRI Convertible Notes $28,000 09 Aug 2021 Common Stock 30,108 $0.9300 See Note F5, F8
holding AIRI Warrants 17,500 09 Aug 2021 Common Stock 17,500 $1.40 See Note F9
holding AIRI Warrants 8,889 09 Aug 2021 Common Stock 8,889 $3.00 Direct
holding AIRI Warrants 23,918 09 Aug 2021 Common Stock 15,029 $3.00 Direct
holding AIRI Warrants 19,230 09 Aug 2021 Common Stock 19,230 $3.71 Direct
holding AIRI Warrants 7,692 09 Aug 2021 Common Stock 7,692 $3.30 Direct
holding AIRI Warrants 39,262 09 Aug 2021 Common Stock 15,344 $3.00 Direct F10
holding AIRI Warrants 51,802 09 Aug 2021 Common Stock 12,540 $3.00 Direct F10
holding AIRI Warrants 7,500 09 Aug 2021 Common Stock 7,500 $4.45 Direct F10
holding AIRI Warrants 12,542 09 Aug 2021 Common Stock 4,374 $3.30 Direct F10
holding AIRI Warrants 4,306 09 Aug 2021 Common Stock 4,306 $3.78 Direct F10
holding AIRI Warrants 869 09 Aug 2021 Common Stock 869 $4.00 Direct F10
holding AIRI Warrants 98,590 09 Aug 2021 Common Stock 98,590 $1.50 Direct F11, F12
holding AIRI Warrants 24,000 09 Aug 2021 Common Stock 24,000 $1.50 Direct
holding AIRI Warrants 3,416 09 Aug 2021 Common Stock 3,416 $3.30 See Note F13
holding AIRI Warrants 3,354 09 Aug 2021 Common Stock 3,354 $3.78 See Note F13
holding AIRI Warrants 615 09 Aug 2021 Common Stock 615 $4.00 See Note F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F2 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
F3 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.
F4 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F11 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.
F12 Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F13 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.