Luciano M. Melluzzo - 23 May 2023 Form 4/A - Amendment Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
President
Signature
/s/ Luciano M. Melluzzo
Issuer symbol
AIRI
Transactions as of
23 May 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
20 Jun 2023, 16:47:16 UTC
Date Of Original Report
23 May 2023
Previous filing
13 Apr 2022
Next filing
06 Jun 2023
SEC
View on sec.gov

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 option Award +48,000 48,000 23 May 2023 Common Stock 48,000 $3.43 Direct F1
holding AIRI Stock option 20,000 23 May 2023 Common Stock 20,000 $8.30 Direct F2, F3
holding AIRI Stock option 18,000 23 May 2023 Common Stock 18,000 $12.20 Direct F2, F4
holding AIRI Stock option 15,000 23 May 2023 Common stock 15,000 $13.90 Direct F2
holding AIRI Stock option 20,000 23 May 2023 Common stock 20,000 $10.30 Direct F2
holding AIRI Stock option 20,000 23 May 2023 Common Stock 20,000 $8.80 Direct F2
holding AIRI Stock option 27,000 23 May 2023 Common stock 27,000 $15.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment reports that this stock option was issued absent the exchange for all outstanding options as had been previously reported.
F2 This amendment reports that these stock options were not exchanged for the stock option referred to in Note 1, as had been previously reported.
F3 Vests as to 6,667 shares on each of April 12, 2022 and March 31, 2023 and 6,666 on March 31, 2024.
F4 Vests in equal installments of 6,000 shares on July 30, 2021, July 31, 2022 and July 31, 2023.