Michael N. Taglich - Dec 6, 2021 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director
Signature
/s/ Michael N. Taglich
Stock symbol
AIRI
Transactions as of
Dec 6, 2021
Transactions value $
$7,037
Form type
4
Date filed
12/7/2021, 02:01 PM
Previous filing
Oct 4, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Purchase $7.04K +7.65K +0.19% $0.92 3.99M Dec 6, 2021 Direct
holding AIRI Common Stock 240K Dec 6, 2021 See Note F1

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 Dec 6, 2021 Common Stock 10K $1.32 Direct F2
holding AIRI Stock Options 10K Dec 6, 2021 Common Stock 10K $2.38 Direct
holding AIRI Stock Options 10K Dec 6, 2021 Common Stock 10K $1.28 Direct
holding AIRI Stock Options 13K Dec 6, 2021 Common Stock 13K $1.59 Direct
holding AIRI Stock Options (right to purchase) 3K Dec 6, 2021 Common Stock 3K $1.69 Direct
holding AIRI Convertible Notes $1.52M Dec 6, 2021 Common Stock 1.02M $1.50 Direct F3, F4
holding AIRI Convertible Notes $1.03M Dec 6, 2021 Common Stock 1.1M $0.93 Direct F4
holding AIRI Convertible Notes $213K Dec 6, 2021 Common Stock 142K $1.50 See Note F4, F5
holding AIRI Convertible Notes $117K Dec 6, 2021 Common Stock 78.1K $1.50 See Note F4, F6
holding AIRI Convertible Notes $28K Dec 6, 2021 Common Stock 30.1K $0.93 See Note F4, F7
holding AIRI Warrants 17.5K Dec 6, 2021 Common Stock 17.5K $1.40 See Note F8
holding AIRI Warrants 48K Dec 6, 2021 Common Stock 48K $1.50 Direct
holding AIRI Warrants 7.88K Dec 6, 2021 Common Stock 7.88K $4.45 Direct F9
holding AIRI Warrants 4.85K Dec 6, 2021 Common Stock 4.85K $3.30 Direct F9
holding AIRI Warrants 4.78K Dec 6, 2021 Common Stock 4.78K $3.78 Direct F9
holding AIRI Warrants 964 Dec 6, 2021 Common Stock 964 $4.00 Direct F9
holding AIRI Warrants 98.6K Dec 6, 2021 Common Stock 98.6K $1.50 Direct F10, F11
holding AIRI Warrants 3.35K Dec 6, 2021 Common Stock 3.35K $3.78 See Note F12
holding AIRI Warrants 615 Dec 6, 2021 Common Stock 615 $4.00 See Note F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F2 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.
F3 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
F4 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.
F5 Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
F6 Represents 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
F7 Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
F8 Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
F9 Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F10 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.
F11 Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
F12 Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions.