FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TAGLICH ROBERT
2. Issuer Name and Ticker or Trading Symbol

AIR INDUSTRIES GROUP [ AIRI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

790 NEW YORK AVENUE, SUITE 209
3. Date of Earliest Transaction (MM/DD/YYYY)

8/3/2017
(Street)

HUNTINGTON, NY 11743
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   8/3/2017     A    41529   A $1.36   419432   D    
Common Stock                  17990   I   See Note   (1)
Common Stock                  12746   I   See Note   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options   $6   9/10/2012     A      3000       9/10/2012   9/10/2017   Common Stock   3000   $0   3000   D    
Stock Options   $6   4/23/2013     A      750       4/23/2013   4/23/2018   Common Stock   750   $0   750   D    
Stock Options   $7.86   9/30/2013     A      750       9/30/2013   9/30/2018   Common Stock   750   $0   750   D    
Stock Options   $8.98   12/31/2013     A      750       12/31/2013   12/31/2018   Common Stock   750   $0   750   D    
Stock Options   $9.38   3/31/2014     A      750       3/31/2014   3/31/2019   Common Stock   750   $0   750   D    
Stock Options   $11.73   5/16/2014     A      750       5/16/2014   5/15/2019   Common Stock   750   $0   750   D    
Stock Options   $9.24   8/21/2014     A      750       8/21/2014   8/20/2019   Common Stock   750   $0   750   D    
Stock Options   $10.26   11/24/2014     A      1750       11/24/2014   11/23/2019   Common Stock   1750   $0   1750   D    
Stock Options   $10.05   4/6/2015     A      3000         (3) 4/5/2020   Common Stock   3000   $0   3000   D    
Stock Options   $4.64   6/2/2016     A      3000         (4) 6/1/2021   Common Stock   3000   $0   3000   D    
Convertible Notes   $2.25   2/28/2017     J   (5)    $2148       11/23/2016   11/30/2018   Common Stock   955   $2148   $102148   D    
Convertible Notes   $2.63   2/28/2017     J   (5)    $4537       12/22/2016   11/30/2018   Common Stock   1725   $4537   $204537   D    
Series A Preferred Stock   $4.92   3/15/2017     J   (6)    3448       5/26/2016     (7) Common Stock   1696   $34480   95405   D    
Series A Preferred Stock   $4.92   3/15/2017     J   (6)    234       5/26/2016     (7) Common Stock   115   $2340   6478   I   See Note   (8)
Convertible Notes   $3.71   2/7/2017     P      $250000       2/7/2017   1/31/2019   Common Stock   67386   $250000   $250000   D    
Convertible Notes   $3.3   3/8/2017     P      $100000       3/8/2017   1/31/2019   Common Stock   30303   $100000   $100000   D    
Convertible Notes   $2.49   5/12/2017     P      $774217       5/12/2017   5/12/2018   Common Stock   310930   $751664   $774217   D    
Convertible Notes   $2.25   11/23/2016     J   (9)    $112000       11/23/2016   11/30/2018   Common Stock   49778   $112000   $112000   I   See Note   (9)
Convertible Notes   $2.63   12/22/2016     J   (10)    $94000       12/22/2016   11/30/2018   Common Stock   35742   $94000   $94000   I   See Note   (10)
Convertible Notes     (11) 2/28/2017     J   (12)    $4538       11/23/2016   11/30/2018   Common Stock   1880   $4538   $4538   I   See Note   (12)
Convertible Notes   $3.71   2/7/2017     J   (13)    $20000       2/7/2017   1/31/2019   Common Stock   5391   $20000   $20000   I   See Note   (13)
Convertible Notes   $3.25   2/17/2017     J   (14)    $60000       2/17/2017   1/31/2019   Common Stock   18462   $60000   $60000   I   See Note   (14)
Convertible Notes   $3.3   3/8/2017     J   (15)    $44400       3/8/2017   1/31/2019   Common Stock   13455   $44400   $44400   I   See Note   (15)
Convertible Notes   $3.78   3/15/2017     J   (16)    $43600       3/15/2017   1/31/2019   Common Stock   11535   $43600   $43600   I   See Note   (16)
Convertible Notes   $4   3/22/2017     J   (17)    $8000       3/22/2017   1/31/2019   Common Stock   2000   $8000   $8000   I   See Note   (17)
Warrants   $5   8/19/2016     P      8307       8/19/2016   7/31/2021   Common Stock   8307   $0   8307   D    
Warrants   $6.15   10/13/2016     J   (18)    13500       11/27/2016   5/26/2021   Common Stock   13500   $0   13500   D    
Warrants   $6.15   10/13/2016     J   (18)    15925       9/1/2016   7/31/2021   Common Stock   15925   $0   15925   D    
Warrants   $3   11/23/2016     P      8889       11/23/2016   11/30/2021   Common Stock   8889   $0   8889   D    

Explanation of Responses:
(1)  Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
(2)  Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
(3)  Fully vested as of 11/01/2016.
(4)  Fully vested as of 01/01/2016.
(5)  Represents convertible notes received in lieu of cash payment of accrued interest on February 28, 2017.
(6)  Represents shares received in lieu of cash dividends on March 15, 2017.
(7)  There is no expiration date.
(8)  Custodian for children under NY UGMA.
(9)  Represents Issuer's 8% Subordinated Convertible Notes due November 30, 2018 (the "2018 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in November 2016.
(10)  Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in December 2016.
(11)  Exercise price is $2.25 per share as to $2,406 principal amount of 2018 Notes and $2.63 per share as $2,132 principal amount of 2018 Notes issued in lieu of cash payment of accrued interest on the 2018 Notes issued in November and December 2016, respectively.
(12)  Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of accrued interest on the 2018 Notes.
(13)  Represents Issuer's 8% Subordinated Convertible Notes due January 31, 2019 (the "2019 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 7, 2017.
(14)  Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 17, 2017.
(15)  Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 8, 2017.
(16)  Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 15, 2017.
(17)  Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 21, 2017.
(18)  Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TAGLICH ROBERT
790 NEW YORK AVENUE, SUITE 209
HUNTINGTON, NY 11743
X



Signatures
/s/ Robert F. Taglich 8/4/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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