Home > Insider Trading > Filing (0001193805-20-001552)

Filing Details

Accession Number:: 0001193805-20-001552
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-16 19:01:46
Reporting Period:: 2020-12-11

Accepted Time:: 2020-12-16 19:01:46
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	Director	Officer	Large Shareholder	Other
1540462	Richmond Brothers, Inc.	3568 Wildwood Avenue Jackson MI 49202	No	No	Yes	Yes
1697890	Rbi Private Investment Ii, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1698614	S. David Richmond	3568 Wildwood Avenue Jackson MI 49202	No	No	Yes	Yes
1698617	J. Matthew Curfman	3568 Wildwood Avenue Jackson MI 49202	No	No	Yes	Yes
1698718	Rbi Pi Manager, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1698822	Plan Sharing Profit 401(K) Brothers Richmond	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes
1755442	Rbi Private Investment Iii, Llc	3568 Wildwood Avenue Jackson MI 49202	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2020-12-11	1,330	$1.26	798,670	No	4	S	Indirect	By: RBI Private Investment III, LLC
Common Stock	Disposition	2020-12-14	34,129	$1.20	764,541	No	4	S	Indirect	By: RBI Private Investment III, LLC
Common Stock	Disposition	2020-12-15	18,471	$1.20	746,070	No	4	S	Indirect	By: RBI Private Investment III, LLC
Common Stock	Disposition	2020-12-16	34,662	$1.19	711,408	No	4	S	Indirect	By: RBI Private Investment III, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By: RBI Private Investment III, LLC
No	4	S	Indirect	By: RBI Private Investment III, LLC
No	4	S	Indirect	By: RBI Private Investment III, LLC
No	4	S	Indirect	By: RBI Private Investment III, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,333	Indirect	By: RBI Private Investment II, LLC
Common Stock	83,235	Indirect	By: Richmond Brothers 401(k) Profit Sharing Plan
Common Stock	9,155	Indirect	By: Matthew J. Curfman

Footnotes

This Form 4 is filed jointly by RBI Private Investment II, LLC ("RBI PII"), RBI Private Investment III, LLC ("RBI PIII"), RBI PI Manager, LLC ("RBI Manager"), Richmond Brothers 401(k) Profit Sharing Plan ("RBI Plan"), Richmond Brothers, Inc. ("Richmond Brothers"), David S. Richmond and Matthew J. Curfman (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
Not reported herein are securities of the Issuer held in certain accounts managed by Richmond Brothers (the "Separately Managed Accounts"). Richmond Brothers is entitled to a management fee from the Separately Managed Accounts based solely on the value of assets under management. Accordingly, neither Richmond Brothers nor any other Reporting Person has a pecuniary interest in any of the securities held in the Separately Managed Accounts for purposes of Section 16.
Represents securities directly owned by RBI PIII. RBI Manager, as the manager of RBI PIII, may be deemed to beneficially own the securities owned directly by RBI PIII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PIII.
Represents securities directly owned by RBI PII. RBI Manager, as the manager of RBI PII, may be deemed to beneficially own the securities owned directly by RBI PII. Mr. Richmond, as the manager of RBI Manager, may be deemed to beneficially own the securities owned directly by RBI PII.
Represents securities directly owned by RBI Plan. Messrs. Richmond and Curfman, as trustees of RBI Plan, may be deemed to beneficially own the securities owned directly by RBI Plan.
The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.25 to $1.26. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 6, 7, 8 and 9 to this Form 4.
The price in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $1.20 to $1.22. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 6, 7, 8 and 9 to this Form 4.
The price in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $1.20 to $1.21. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 6, 7, 8 and 9 to this Form 4.
The price in column 4 is a weighted average. These shares were sold in multiple transactions at prices ranging from $1.20 to $1.215. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 6, 7, 8 and 9 to this Form 4.