MICHAEL N. TAGLICH - 03 Jan 2022 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director
Signature
/s/ Michael N. Taglich
Issuer symbol
AIRI
Transactions as of
03 Jan 2022
Net transactions value
+$15,814
Form type
4
Filing time
05 Jan 2022, 16:15:34 UTC
Previous filing
05 Jul 2023
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $15,814 +17,378 +0.44% $0.9100 4,009,918 03 Jan 2022 Direct F1
holding AIRI Common Stock 239,946 03 Jan 2022 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 03 Jan 2022 Common Stock 10,000 $1.32 Direct
holding AIRI Stock Options 10,000 03 Jan 2022 Common Stock 10,000 $2.38 Direct
holding AIRI Stock Options 10,000 03 Jan 2022 Common Stock 10,000 $1.28 Direct
holding AIRI Stock Options 13,000 03 Jan 2022 Common Stock 13,000 $1.59 Direct
holding AIRI Stock Options (right to purchase) 3,000 03 Jan 2022 Common Stock 3,000 $1.69 Direct
holding AIRI Convertible Notes $1,523,157 03 Jan 2022 Common Stock 1,015,438 $1.50 Direct F3, F4
holding AIRI Convertible Notes $1,026,000 03 Jan 2022 Common Stock 1,103,225 $0.9300 Direct F4
holding AIRI Convertible Notes $213,242 03 Jan 2022 Common Stock 142,161 $1.50 See Note F4, F5
holding AIRI Convertible Notes $117,166 03 Jan 2022 Common Stock 78,111 $1.50 See Note F4, F6
holding AIRI Convertible Notes $28,000 03 Jan 2022 Common Stock 30,108 $0.9300 See Note F4, F7
holding AIRI Warrants 17,500 03 Jan 2022 Common Stock 17,500 $1.40 See Note F8
holding AIRI Warrants 48,000 03 Jan 2022 Common Stock 48,000 $1.50 Direct
holding AIRI Warrants 7,880 03 Jan 2022 Common Stock 7,880 $4.45 Direct F9
holding AIRI Warrants 4,850 03 Jan 2022 Common Stock 4,850 $3.30 Direct F9
holding AIRI Warrants 4,775 03 Jan 2022 Common Stock 4,775 $3.78 Direct F9
holding AIRI Warrants 964 03 Jan 2022 Common Stock 964 $4.00 Direct F9
holding AIRI Warrants 98,591 03 Jan 2022 Common Stock 98,591 $1.50 Direct F10, F11
holding AIRI Warrants 3,354 03 Jan 2022 Common Stock 3,354 $3.78 See Note F12
holding AIRI Warrants 615 03 Jan 2022 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 Shares received in lieu of cash payment of director's fees.
F2 Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
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.