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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
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 *

Melluzzo Luciano M
2. Issuer Name and Ticker or Trading Symbol

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

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

1460 FIFTH AVE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/6/2021
(Street)

BAY SHORE, NY 11706
(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 12/6/2021  P  10000 A$0.94 100000 D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock options $1.22            (1)7/31/2026 Common Stock 180000  180000 D  
Stock options $1.39            (2)3/31/2026 Common stock 150000  150000 D  
Stock options $1.03            (3)3/31/2025 Common stock 200000  200000 D  
Stock options $0.88           1/19/2019 1/31/2024 Common Stock 200000  200000 D  
Stock options $1.5           10/1/2019 9/30/2024 Common stock 270000  270000 D  

Explanation of Responses:
(1) Vests in equal installments of 60,000 shares on July 30, 2021, July 31, 2022 and July 31, 2023.
(2) Vests in equal annual installments of 50,000 shares commencing March 24, 2021.
(3) Vests as to 66,667 shares on March 25, 2020 and March 25, 2021 and an additional 66,666 shares on March 25, 2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Melluzzo Luciano M
1460 FIFTH AVE
BAY SHORE, NY 11706


President

Signatures
/s/ Luciano M. Melluzzo12/7/2021
**Signature of Reporting PersonDate

Air Industries (AMEX:AIRI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Air Industries Charts.
Air Industries (AMEX:AIRI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Air Industries Charts.