Robert F. Taglich - 06 Apr 2022 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: AIRI
Reported as of: 06 Apr 2022
Net transaction value: +$15,813
SEC form: 4
Accepted by SEC: 07 Apr 2022, 17:01:21 UTC
Prior SEC filing: 05 Apr 2022
Next SEC filing: 17 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Robert F. Taglich

Key filing fact

Robert F. Taglich filed Form 4 for AIR INDUSTRIES GROUP (AIRI) on 07 Apr 2022.

Key facts

This page summarizes Robert F. Taglich's Form 4 filing for AIR INDUSTRIES GROUP (AIRI).
2 reported transactions and 14 derivative rows are listed below.
Accepted by SEC: 07 Apr 2022, 17:01.

Change

Previous filing in this sequence was filed on 05 Apr 2022.
Current net transaction value: +$15,813.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AIRI transaction

Common Stock

Other

Transaction value: $15,813
Shares: +18,825
Change %: +0.81%
Price: $0.8400
Shares after: 2,347,685
Date: 06 Apr 2022
Ownership: Direct
Footnotes: F1

AIRI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 239,946
Date: 06 Apr 2022
Ownership: See Note
Footnotes: F2

AIRI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 44,760
Date: 06 Apr 2022
Ownership: See Note
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AIRI transaction Derivative

Stock Options

Award

Transaction value: $0
Shares: +10,000
Change %
Price: $0.000000
Shares after: 10,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $0.8400
Footnotes: F4

AIRI holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $1.32

AIRI holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $2.38

AIRI holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $1.28

AIRI holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,000
Exercise price: $1.59

AIRI holding Derivative

Stock Options

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,000
Exercise price: $1.69

AIRI holding Derivative

Convertible Notes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $761,579
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 507,719
Exercise price: $1.50
Footnotes: F5, F6

AIRI holding Derivative

Convertible Notes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $1,026,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,103,225
Exercise price: $0.9300
Footnotes: F6

AIRI holding Derivative

Convertible Notes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $213,242
Date: 06 Apr 2022
Ownership: See Note
Underlying class: Common Stock
Underlying amount: 142,161
Exercise price: $1.50
Footnotes: F6, F7

AIRI holding Derivative

Convertible Notes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $117,166
Date: 06 Apr 2022
Ownership: See Note
Underlying class: Common Stock
Underlying amount: 78,111
Exercise price: $1.50
Footnotes: F6, F8

AIRI holding Derivative

Convertible Notes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: $28,000
Date: 06 Apr 2022
Ownership: See Note
Underlying class: Common Stock
Underlying amount: 30,108
Exercise price: $0.9300
Footnotes: F6, F9

AIRI holding Derivative

Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 17,500
Date: 06 Apr 2022
Ownership: See Note
Underlying class: Common Stock
Underlying amount: 17,500
Exercise price: $1.40
Footnotes: F10

AIRI holding Derivative

Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 98,590
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 98,590
Exercise price: $1.50
Footnotes: F11, F12

AIRI holding Derivative

Warrants

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 24,000
Date: 06 Apr 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 24,000
Exercise price: $1.50

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

Shares received in lieu of cash payment of director's fees.

Footnote F2

Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

Footnote F3

Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.

Footnote F4

Vests as to 2,500 shares on April 6, 2022, and an additional 2,500 shares on each of June 30, 2022, September 30, 2022 and December 31, 2022.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F12

Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.