Filing Details

Accession Number:
0001193805-17-003589
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-12-12 15:43:25
Reporting Period:
2017-10-03
Accepted Time:
2017-12-12 15:43:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1009891 Air Industries Group AIRI Aircraft Parts & Auxiliary Equipment, Nec (3728) 204458244
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1353439 Robert Taglich 790 New York Avenue, Suite 209
Huntington NY 11743
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2017-10-03 1,407,354 $1.50 1,826,786 No 4 C Direct
Common Stock Acquisiton 2017-11-29 72,463 $1.38 1,899,249 No 4 P Direct
Common Stock Acquisiton 2017-10-03 44,760 $1.50 44,760 No 4 C Indirect See Note
Common Stock Acquisiton 2017-10-03 137,186 $1.50 149,932 No 4 C Indirect See Note
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 P Direct
No 4 C Indirect See Note
No 4 C Indirect See Note
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options Acquisiton 2013-04-23 750 $0.00 750 $6.00
Common Stock Stock Options Acquisiton 2013-09-30 750 $0.00 750 $7.86
Common Stock Stock Options Acquisiton 2013-12-31 750 $0.00 750 $8.98
Common Stock Stock Options Acquisiton 2014-03-31 750 $0.00 750 $9.38
Common Stock Stock Options Acquisiton 2014-05-16 750 $0.00 750 $11.73
Common Stock Stock Options Acquisiton 2014-08-21 750 $0.00 750 $9.24
Common Stock Stock Options Acquisiton 2014-11-24 1,750 $0.00 1,750 $10.26
Common Stock Stock Options Acquisiton 2015-04-06 3,000 $0.00 3,000 $10.05
Common Stock Stock Options Acquisiton 2016-06-02 3,000 $0.00 3,000 $4.64
Common Stock Convertible Notes Acquisiton 2017-02-28 0 $2,148.00 955 $2.25
Common Stock Convertible Notes Acquisiton 2017-02-28 0 $4,537.00 1,725 $2.63
Common Stock Convertible Notes Acquisiton 2017-02-07 0 $250,000.00 67,386 $3.71
Common Stock Convertible Notes Acquisiton 2017-03-08 0 $100,000.00 30,303 $3.30
Common Stock Convertible Notes Acquisiton 2016-11-23 0 $112,000.00 49,778 $2.25
Common Stock Convertible Notes Acquisiton 2016-12-22 0 $94,000.00 35,742 $2.63
Common Stock Convertible Notes Acquisiton 2017-02-28 0 $4,538.00 1,880 $0.00
Common Stock Convertible Notes Acquisiton 2017-02-07 0 $20,000.00 5,391 $3.71
Common Stock Convertible Notes Acquisiton 2017-02-17 0 $60,000.00 18,462 $3.25
Common Stock Convertible Notes Acquisiton 2017-03-08 0 $44,400.00 13,455 $3.30
Common Stock Convertible Notes Acquisiton 2017-03-15 0 $43,600.00 11,535 $3.78
Common Stock Convertible Notes Acquisiton 2017-03-22 0 $8,000.00 2,000 $4.00
Common Stock Warrants Acquisiton 2016-08-19 8,307 $0.00 8,307 $5.00
Common Stock Warrants Acquisiton 2016-10-13 13,500 $0.00 13,500 $6.15
Common Stock Warrants Acquisiton 2016-10-13 15,925 $0.00 15,925 $6.15
Common Stock Warrants Acquisiton 2016-11-23 8,889 $0.00 8,889 $3.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
750 2013-04-23 2018-04-23 No 4 A Direct
750 2013-09-30 2018-09-30 No 4 A Direct
750 2013-12-31 2018-12-31 No 4 A Direct
750 2014-03-31 2019-03-31 No 4 A Direct
750 2014-05-16 2019-05-15 No 4 A Direct
750 2014-08-21 2019-08-20 No 4 A Direct
1,750 2014-11-24 2019-11-23 No 4 A Direct
3,000 2020-04-05 No 4 A Direct
3,000 2021-06-01 No 4 A Direct
0 2016-11-23 2018-11-30 No 4 J Direct
0 2016-12-22 2018-11-30 No 4 J Direct
0 2017-02-07 2019-01-31 No 4 P Direct
0 2017-03-08 2019-01-31 No 4 P Direct
0 2016-11-23 2018-11-30 No 4 J Indirect
0 2016-12-22 2018-11-30 No 4 J Indirect
0 2016-11-23 2018-11-30 No 4 J Indirect
0 2017-02-07 2019-01-31 No 4 J Indirect
0 2017-02-17 2019-01-31 No 4 J Indirect
0 2017-03-08 2019-01-31 No 4 J Indirect
0 2017-03-15 2019-01-31 No 4 J Indirect
0 2017-03-22 2019-01-31 No 4 J Indirect
8,307 2016-08-19 2021-07-31 No 4 P Direct
13,500 2016-11-27 2021-05-26 No 4 J Direct
15,925 2016-09-01 2021-07-31 No 4 J Direct
8,889 2016-11-23 2021-11-30 No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 17,990 Indirect See Note
Footnotes
  1. Includes 659,882 shares acquired upon conversion of Series A Preferred Stock, 516,144 shares acquired upon conversion of notes issued in May 2017 and 231,328 shares acquired upon conversion of notes issued in March 2017.
  2. Represent shares acquired upon conversion of Series A Preferred Stock for which Mr. Taglich is the custodian for his children under NY UGMA.
  3. Owned by Tag/Kent Partners, of which Reporting Person is a General Partner, and includes 137,186 shares received upon conversion of notes issued in May 2017.
  4. Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
  5. Fully vested as of 11/01/2016.
  6. Fully vested as of 01/01/2016.
  7. Represents convertible notes received in lieu of cash payment of accrued interest on February 28, 2017.
  8. 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.
  9. 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.
  10. Conversion 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.
  11. 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.
  12. 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.
  13. 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.
  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 March 8, 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 15, 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 21, 2017.
  17. Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.