Michael N. Taglich - Oct 3, 2022 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Director, 10%+ Owner
Signature
/s/ Michael N. Taglich
Stock symbol
AIRI
Transactions as of
Oct 3, 2022
Transactions value $
$15,814
Form type
4
Date filed
10/4/2022, 04:33 PM
Previous filing
Jul 6, 2022
Next filing
Jan 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIRI Common Stock Other $15.8K +24K +0.59% $0.66 4.08M Oct 3, 2022 Direct F1
holding AIRI Common Stock 240K Oct 3, 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 10K Oct 3, 2022 Common Stock 10K $0.84 Direct F3
holding AIRI Stock Options 10K Oct 3, 2022 Common Stock 10K $1.32 Direct
holding AIRI Stock Options 10K Oct 3, 2022 Common Stock 10K $2.38 Direct
holding AIRI Stock Options 10K Oct 3, 2022 Common Stock 10K $1.28 Direct
holding AIRI Stock Options 13K Oct 3, 2022 Common Stock 13K $1.59 Direct
holding AIRI Stock Options (right to purchase) 3K Oct 3, 2022 Common Stock 3K $1.69 Direct
holding AIRI Convertible Notes $1.52M Oct 3, 2022 Common Stock 1.02M $1.50 Direct F4, F5
holding AIRI Convertible Notes $1.03M Oct 3, 2022 Common Stock 1.1M $0.93 Direct F5
holding AIRI Convertible Notes $213K Oct 3, 2022 Common Stock 142K $1.50 See Note F5, F6
holding AIRI Convertible Notes $117K Oct 3, 2022 Common Stock 78.1K $1.50 Direct F5
holding AIRI Convertible Notes $28K Oct 3, 2022 Common Stock 30.1K $0.93 See Note F4, F7
holding AIRI Warrants 17.5K Oct 3, 2022 Common Stock 17.5K $1.40 See Note F8
holding AIRI Warrants 48K Oct 3, 2022 Common Stock 48K $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 Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
F3 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.
F4 Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.
F5 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.
F6 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.
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.