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

C/O TAGLICH BROTHERS, INC., 37 MAIN STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

1/3/2022
(Street)

COLD SPRING HARBOR, NY 11724
(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 1/3/2022  J(1)  17378 A$0.91 2328860 D  
Common Stock         239946 I See Note (2)
Common Stock         44760 I See Note (3)

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 $1.32           12/31/2021 12/31/2027 Common Stock 10000  10000 D  
Stock Options $2.38           12/31/2020 12/31/2026 Common Stock 10000  10000 D  
Stock Options $1.28           12/31/2019 12/31/2025 Common Stock 10000  10000 D  
Stock Options $1.59           12/31/2018 5/31/2023 Common Stock 13000  13000 D  
Stock Options (right to purchase) $1.69           1/2/2018 12/31/2022 Common Stock 3000  3000 D  
Convertible Notes (4)$1.5           9/30/2018 7/1/2023 Common Stock 507719 (5) $761579 (5)D  
Convertible Notes $0.93           1/15/2019 7/1/2023 Common Stock 1103225 (5) $1026000 (5)D  
Convertible Notes $1.5           9/30/2018 7/1/2023 Common Stock 142161 (5) $213242 (5)I See Note (6)
Convertible Notes $1.5           9/30/2018 7/1/2023 Common Stock 78111 (5) $117166 (5)I See Note (7)
Convertible Notes $0.93           1/15/2019 7/1/2023 Common Stock 30108 (5) $28000 (5)I See Note (8)
Warrants $1.4           10/1/2018 9/30/2023 Common Stock 17500  17500 I See Note (9)
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 (10)$4.45           2/17/2017 1/31/2022 Common Stock 7500  7500 D  
Warrants (10)$3.3           3/8/2017 1/31/2022 Common Stock 4374  12542 D  
Warrants (10)$3.78           3/15/2017 1/31/2022 Common Stock 4306  4306 D  
Warrants (10)$4           3/21/2017 1/31/2022 Common Stock 869  869 D  
Warrants $1.5 (11)          5/12/2017 5/12/2022 Common Stock 98590 (12) 98590 (12)D  
Warrants $1.5           11/29/2017 11/30/2022 Common Stock 24000  24000 D  
Warrants $3.3           3/8/2017 1/31/2022 Common Stock 3416  3416 I See Note (13)
Warrants $3.78           3/15/2017 1/31/2022 Common Stock 3354  3354 I See Note (13)
Warrants $4           3/21/2017 1/31/2022 Common Stock 615  615 I See Note (13)

Explanation of Responses:
(1) Shares received in lieu of cash payment of director's fees.
(2) Represent shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
(3) Represents shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
(4) Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes accrued interest through December 31, 2020.
(5) 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.
(6) Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, 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.
(7) Represents 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Managing Director, originally issued to Taglich Brothers 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.
(8) Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, 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.
(9) Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
(10) Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
(11) 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.
(12) Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
(13) 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
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
TAGLICH ROBERT
C/O TAGLICH BROTHERS, INC.
37 MAIN STREET
COLD SPRING HARBOR, NY 11724
XX


Signatures
/s/ Robert F. Taglich1/5/2022
**Signature of Reporting PersonDate

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