Statement of Changes in Beneficial Ownership (4)
January 13 2021 - 4:20PM
Edgar (US Regulatory)
FORM 4
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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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3235-0287
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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
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1. Name and Address of Reporting Person
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TAGLICH ROBERT |
2. Issuer Name and Ticker or Trading Symbol
AIR INDUSTRIES GROUP
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AIRI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O TAGLICH BROTHERS, INC., 37 MAIN STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/11/2021 |
(Street)
COLD SPRING HARBOR, NY 11724
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Warrants | $3 | | | | | | | 12/22/2016 | 11/30/2021 | Common Stock | 15029 | | 23918 | D | |
Warrants | $3.71 | | | | | | | 2/7/2017 | 1/31/2022 | Common Stock | 19230 | | 19230 | D | |
Warrants | $3.3 | | | | | | | 3/8/2017 | 1/31/2022 | Common Stock | 7692 | | 7692 | D | |
Warrants (2) | $3 | | | | | | | 11/22/2016 | 11/30/2021 | Common Stock | 15344 | | 39262 | D | |
Warrants (2) | $3 | | | | | | | 12/22/2016 | 11/30/2021 | Common Stock | 12540 | | 51802 | D | |
Warrants (2) | $4.45 | | | | | | | 2/17/2017 | 1/31/2022 | Common Stock | 7500 | | 7500 | D | |
Warrants (2) | $3.3 | | | | | | | 3/8/2017 | 1/31/2022 | Common Stock | 4374 | | 12542 | D | |
Warrants (2) | $3.78 | | | | | | | 3/15/2017 | 1/31/2022 | Common Stock | 4306 | | 4306 | D | |
Warrants (2) | $4 | | | | | | | 3/21/2017 | 1/31/2022 | Common Stock | 869 | | 869 | D | |
Warrants | $1.5 (3) | | | | | | | 5/12/2017 | 5/12/2022 | Common Stock | 98590 (4) | | 98590 (4) | D | |
Warrants | $1.5 | | | | | | | 11/29/2017 | 11/30/2022 | Common Stock | 24000 | | 24000 | D | |
Warrants | $5 | | | | | | | 8/19/2016 | 7/31/2021 | Common Stock | 2436 | | 2436 | I | See Note (1) |
Warrants | $3.3 | | | | | | | 3/8/2017 | 1/31/2022 | Common Stock | 3416 | | 3416 | I | See Note (5) |
Warrants | $3.78 | | | | | | | 3/15/2017 | 1/31/2022 | Common Stock | 3354 | | 3354 | I | See Note (5) |
Warrants | $4 | | | | | | | 3/21/2017 | 1/31/2022 | Common Stock | 615 | | 615 | I | See Note (5) |
Explanation of Responses: |
(1) | Custodian for children under NY UGMA. |
(2) | Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director. |
(3) | 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. |
(4) | Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018. |
(5) | Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Managing Director, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
TAGLICH ROBERT C/O TAGLICH BROTHERS, INC. 37 MAIN STREET COLD SPRING HARBOR, NY 11724 | X | X |
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Signatures
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/s/ Robert F. Taglich | | 1/13/2021 |
**Signature of Reporting Person | Date |
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