Robert Taglich - Apr 6, 2022 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Robert F. Taglich
Stock symbol
AIRI
Transactions as of
Apr 6, 2022
Transactions value $
$15,813
Form type
4
Date filed
4/7/2022, 05:01 PM
Previous filing
Apr 5, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $15.8K +18.8K +0.81% $0.84 2.35M Apr 6, 2022 Direct F1
holding AIRI Common Stock 240K Apr 6, 2022 See Note F2
holding AIRI Common Stock 44.8K Apr 6, 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 +10K $0.00 10K Apr 6, 2022 Common Stock 10K $0.84 Direct F4
holding AIRI Stock Options 10K Apr 6, 2022 Common Stock 10K $1.32 Direct
holding AIRI Stock Options 10K Apr 6, 2022 Common Stock 10K $2.38 Direct
holding AIRI Stock Options 10K Apr 6, 2022 Common Stock 10K $1.28 Direct
holding AIRI Stock Options 13K Apr 6, 2022 Common Stock 13K $1.59 Direct
holding AIRI Stock Options 3K Apr 6, 2022 Common Stock 3K $1.69 Direct
holding AIRI Convertible Notes $762K Apr 6, 2022 Common Stock 508K $1.50 Direct F5, F6
holding AIRI Convertible Notes $1.03M Apr 6, 2022 Common Stock 1.1M $0.93 Direct F6
holding AIRI Convertible Notes $213K Apr 6, 2022 Common Stock 142K $1.50 See Note F6, F7
holding AIRI Convertible Notes $117K Apr 6, 2022 Common Stock 78.1K $1.50 See Note F6, F8
holding AIRI Convertible Notes $28K Apr 6, 2022 Common Stock 30.1K $0.93 See Note F6, F9
holding AIRI Warrants 17.5K Apr 6, 2022 Common Stock 17.5K $1.40 See Note F10
holding AIRI Warrants 98.6K Apr 6, 2022 Common Stock 98.6K $1.50 Direct F11, F12
holding AIRI Warrants 24K Apr 6, 2022 Common Stock 24K $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.