Filing Details
- Accession Number:
- 0001213900-19-000887
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-01-17 18:20:18
- Reporting Period:
- 2019-01-04
- Accepted Time:
- 2019-01-17 18:20:18
- 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 |
|---|---|---|---|---|---|---|---|
| 1024533 | N Michael Taglich | C/O Taglich Brothers, Inc. 790 New York Avenue, Suite 209 Huntington NY 11743 | Yes | No | Yes | 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 | 2019-01-04 | 17,310 | $0.83 | 3,543,966 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options | Acquisiton | 2018-05-14 | 13,000 | $0.00 | 13,000 | $1.59 |
| 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 | Stock Options (right to purchase) | Acquisiton | 2018-01-02 | 3,000 | $0.00 | 3,000 | $1.69 |
| Common Stock | Convertible Notes | Acquisiton | 2018-09-30 | 0 | $1,300,000.00 | 866,666 | $1.50 |
| Common Stock | Convertible Notes | Acquisiton | 2019-01-15 | 0 | $1,000,000.00 | 107,526 | $0.93 |
| Common Stock | Convertible Notes | Acquisiton | 2018-09-30 | 0 | $382,000.00 | 254,666 | $1.50 |
| Common Stock | Convertible Notes | Acquisiton | 2019-01-15 | 0 | $80,000.00 | 86,021 | $0.93 |
| Common Stock | Warrants | Acquisiton | 2018-10-01 | 17,500 | $0.00 | 17,500 | $1.40 |
| Common Stock | Warrants | Acquisiton | 2014-01-01 | 10,000 | $0.00 | 10,000 | $8.72 |
| Common Stock | Warrants | Acquisiton | 2016-08-19 | 61,817 | $0.00 | 61,817 | $5.00 |
| Common Stock | Warrants | Acquisiton | 2016-10-13 | 16,500 | $0.00 | 16,500 | $6.15 |
| Common Stock | Warrants | Acquisiton | 2016-10-13 | 19,300 | $0.00 | 19,300 | $6.15 |
| Common Stock | Warrants | Acquisiton | 2016-11-23 | 88,889 | $0.00 | 88,889 | $3.00 |
| Common Stock | Warrants | Acquisiton | 2016-12-22 | 22,814 | $0.00 | 22,814 | $3.00 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 19,000 | $0.00 | 19,000 | $3.00 |
| Common Stock | Warrants | Acquisiton | 2017-11-29 | 48,000 | $0.00 | 48,000 | $1.50 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 13,000 | $0.00 | 13,000 | $3.00 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 7,880 | $0.00 | 7,880 | $4.45 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 4,850 | $0.00 | 4,850 | $3.30 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 4,775 | $0.00 | 4,775 | $3.78 |
| Common Stock | Warrants | Acquisiton | 2017-03-21 | 964 | $0.00 | 964 | $4.00 |
| Common Stock | Warrants | Acquisiton | 2017-05-12 | 93,279 | $0.00 | 93,279 | $1.50 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 3,354 | $0.00 | 3,354 | $3.78 |
| Common Stock | Warrants | Acquisiton | 2017-03-15 | 3,354 | $0.00 | 3,354 | $3.78 |
| Common Stock | Warrants | Acquisiton | 2017-03-21 | 615 | $0.00 | 615 | $4.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 13,000 | 2018-05-14 | 2023-05-31 | 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 | |
| 3,000 | 2018-01-02 | 2022-12-31 | No | 4 | A | Direct |
| 0 | 2018-09-30 | 2020-12-31 | No | 4 | J | Direct |
| 0 | 2019-01-15 | 2020-12-31 | No | 4 | P | Direct |
| 0 | 2018-09-30 | 2020-12-31 | No | 4 | J | Indirect |
| 0 | 2019-01-15 | 2020-12-31 | No | 4 | J | Indirect |
| 17,500 | 2018-10-01 | 2023-09-30 | No | 4 | J | Indirect |
| 10,000 | 2014-04-01 | 2019-12-31 | No | 4 | A | Indirect |
| 61,817 | 2016-08-19 | 2021-07-31 | No | 4 | P | Direct |
| 16,500 | 2016-11-27 | 2021-05-26 | No | 4 | J | Indirect |
| 19,300 | 2016-09-01 | 2021-07-31 | No | 4 | J | Direct |
| 88,889 | 2016-11-23 | 2021-11-30 | No | 4 | P | Direct |
| 111,703 | 2016-12-22 | 2021-11-30 | No | 4 | P | Direct |
| 130,703 | 2016-11-22 | 2021-11-30 | No | 4 | J | Direct |
| 48,000 | 2017-01-29 | 2022-11-30 | No | 4 | P | Direct |
| 143,703 | 2016-12-22 | 2021-11-30 | No | 4 | J | Direct |
| 7,880 | 2017-02-17 | 2022-01-31 | No | 4 | J | Direct |
| 4,850 | 2017-03-08 | 2022-01-31 | No | 4 | J | Direct |
| 4,775 | 2017-03-15 | 2022-01-31 | No | 4 | J | Direct |
| 964 | 2017-03-21 | 2022-01-31 | No | 4 | J | Direct |
| 93,279 | 2017-05-12 | 2022-05-12 | No | 4 | P | Direct |
| 3,354 | 2017-03-15 | 2022-01-31 | No | 4 | J | Indirect |
| 3,354 | 2017-03-15 | 2022-01-31 | No | 4 | J | Indirect |
| 615 | 2017-03-21 | 2022-01-31 | No | 4 | J | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 149,932 | Indirect | See Note |
| Common Stock | 17,990 | Indirect | See Note |
Footnotes
- Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
- Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- Fully vested as of 12/31/2018.
- Fully vested as of 11/01/2016.
- Fully vested as of 01/01/2017.
- Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes.
- Does not include shares issued upon conversion for accrued interest on the Notes.
- Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
- Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, 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.
- Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
- Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, pursuant to Capital Markets Advisory Agreement.
- Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, for acting as placement agent for the sale of Issuer's 8% convertible notes.
- Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- 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.
- Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 8% convertible notes, in lieu of cash payment of commissions.
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