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

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Issuer symbol
AIRI
Transactions as of
06 Apr 2022
Net transactions value
+$15,813
Form type
4
Filing time
07 Apr 2022, 17:01:21 UTC
Previous filing
05 Apr 2022
Next filing
17 May 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 $15,813 +18,825 +0.81% $0.8400 2,347,685 06 Apr 2022 Direct F1
holding AIRI Common Stock 239,946 06 Apr 2022 See Note F2
holding AIRI Common Stock 44,760 06 Apr 2022 See Note F3

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
transaction AIRI Stock Options Award $0 +10,000 $0.000000 10,000 06 Apr 2022 Common Stock 10,000 $0.8400 Direct F4
holding AIRI Stock Options 10,000 06 Apr 2022 Common Stock 10,000 $1.32 Direct
holding AIRI Stock Options 10,000 06 Apr 2022 Common Stock 10,000 $2.38 Direct
holding AIRI Stock Options 10,000 06 Apr 2022 Common Stock 10,000 $1.28 Direct
holding AIRI Stock Options 13,000 06 Apr 2022 Common Stock 13,000 $1.59 Direct
holding AIRI Stock Options 3,000 06 Apr 2022 Common Stock 3,000 $1.69 Direct
holding AIRI Convertible Notes $761,579 06 Apr 2022 Common Stock 507,719 $1.50 Direct F5, F6
holding AIRI Convertible Notes $1,026,000 06 Apr 2022 Common Stock 1,103,225 $0.9300 Direct F6
holding AIRI Convertible Notes $213,242 06 Apr 2022 Common Stock 142,161 $1.50 See Note F6, F7
holding AIRI Convertible Notes $117,166 06 Apr 2022 Common Stock 78,111 $1.50 See Note F6, F8
holding AIRI Convertible Notes $28,000 06 Apr 2022 Common Stock 30,108 $0.9300 See Note F6, F9
holding AIRI Warrants 17,500 06 Apr 2022 Common Stock 17,500 $1.40 See Note F10
holding AIRI Warrants 98,590 06 Apr 2022 Common Stock 98,590 $1.50 Direct F11, F12
holding AIRI Warrants 24,000 06 Apr 2022 Common Stock 24,000 $1.50 Direct
* 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 Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
F3 Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
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.
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.
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.
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.
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.
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.
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.
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.