SEC Form 4 · accession 0001193805-16-003972
AIR INDUSTRIES GROUP · AIRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael N Taglich
Director · 10% Owner
Period of report
Sep 15, 2016
Accepted (ET)
Sep 19, 2016 · 1:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009891
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 29, 2016 | M | 3,000 | $2.95 | A | 360,497 | D | |
| Common StockF1 | holding | — | — | — | 17,990 | I | See Note | |
| Common StockF2 | holding | — | — | — | 12,746 | I | See Note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to purchase) | $6.00 | Sep 10, 2012 | A | 3,000 | A | Sep 10, 2012 | Sep 10, 2017 | Common Stock | 3,000 | 3,000 | D |
| Stock Options (right to purchase) | $6.00 | Apr 23, 2013 | A | 750 | A | Apr 23, 2013 | Apr 23, 2018 | Common Stock | 750 | 3,750 | D |
| Stock Options (right to purchase) | $7.86 | Sep 30, 2013 | A | 750 | A | Sep 30, 2013 | Sep 30, 2018 | Common Stock | 750 | 4,500 | D |
| Stock Options (right to purchase) | $8.98 | Dec 31, 2013 | A | 750 | A | Dec 31, 2013 | Dec 31, 2018 | Common Stock | 750 | 5,250 | D |
| Stock Options (right to purchase) | $9.38 | Mar 31, 2014 | A | 750 | A | Mar 31, 2014 | Mar 31, 2019 | Common Stock | 750 | 6,000 | D |
| Warrants | $6.30 | Jun 22, 2012 | A | 31,190 | A | Jun 22, 2012 | Jun 22, 2017 | Common Stock | 31,190 | 31,190 | D |
| WarrantsF3 | $8.72 | Jan 1, 2014 | A | 10,000 | A | Apr 1, 2014 | Dec 31, 2019 | Common Stock | 10,000 | 10,000 | I |
| Stock Options (right to purchase) | $11.73 | May 16, 2014 | A | 750 | A | May 16, 2014 | May 15, 2019 | Common Stock | 750 | 6,750 | D |
| Stock Options (right to purchase) | $9.24 | Aug 21, 2014 | A | 750 | A | Aug 21, 2014 | Aug 20, 2019 | Common Stock | 750 | 7,500 | D |
| Stock Options (right to purchase) | $10.26 | Nov 24, 2014 | A | 1,750 | A | Nov 24, 2014 | Nov 23, 2019 | Common Stock | 1,750 | 9,250 | D |
| Stock Options (right to purchase) | $10.05 | Apr 6, 2015 | A | 750 | A | Apr 6, 2015 | Apr 5, 2020 | Common Stock | 750 | 10,000 | D |
| Stock Options (right to purchase) | $10.05 | Apr 6, 2015 | A | 750 | A | Jul 1, 2015 | Apr 5, 2020 | Common Stock | 750 | 10,750 | D |
| Stock Options (right to purchase) | $10.05 | Apr 6, 2015 | A | 750 | A | Oct 1, 2015 | Apr 5, 2020 | Common Stock | 750 | 11,500 | D |
| Stock Options (right to purchase) | $10.05 | Apr 6, 2015 | A | 750 | A | Jan 1, 2016 | Apr 5, 2020 | Common Stock | 750 | 12,250 | D |
| Series A Convertible Preferred StockF4 | $4.92 | May 26, 2016 | P | 110,000 | A | May 26, 2016 | — | Common Stock | 223,575 | 110,000 | D |
| Warrants | $6.15 | May 26, 2016 | P | 16,500 | A | Nov 27, 2016 | May 26, 2021 | Common Stock | 16,500 | 57,690 | D |
| Stock Options (right to purchase) | $4.64 | Jun 2, 2016 | A | 750 | A | Jun 2, 2016 | Jun 1, 2021 | Common Stock | 750 | 13,000 | D |
| Stock Options (right to purchase) | $4.64 | Jun 2, 2016 | A | 750 | A | Aug 1, 2016 | Jun 1, 2021 | Common Stock | 750 | 13,750 | D |
| Stock Options (right to purchase) | $4.64 | Jun 2, 2016 | A | 750 | A | Nov 1, 2016 | Jun 1, 2021 | Common Stock | 750 | 14,500 | D |
| Stock Options (right to purchase) | $4.64 | Jun 2, 2016 | A | 750 | A | Feb 1, 2017 | Jun 1, 2021 | Common Stock | 750 | 15,250 | D |
| Convertible NotesF5 | $10.00 | Aug 19, 2016 | P | — | A | Aug 19, 2016 | Dec 31, 2017 | Common Stock | 309,088 | — | D |
| Series A Preferred StockF6,F4 | $4.92 | Aug 19, 2016 | P | 152,071 | A | — | — | Common Stock | 309,088 | 262,071 | D |
| Warrants | $5.00 | Aug 19, 2016 | P | 61,817 | A | Aug 19, 2016 | Jul 31, 2021 | Common Stock | 61,630 | 119,507 | D |
| WarrantsF7 | $6.15 | Aug 19, 2016 | P | 69,025 | A | Aug 19, 2016 | Jul 31, 2021 | Common Stock | 69,205 | 79,025 | I |
| Series A Preferred StockF4 | $4.92 | Sep 15, 2016 | J | 5,108 | A | Sep 15, 2016 | — | Common Stock | 10,382 | 267,179 | D |
Explanation of responses
- F1Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- F2Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
- F3Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, pursuant to Capital Markets Advisory Agreement.
- F4There is no expiration date.
- F5Automatically converts into 151,611 shares of Series A Preferred Stock upon filing of certificate of amendment to articles of incorporation increasing the number of authorized shares of preferred stock available for conversion (the "Certificate of Amendment").
- F6Upon filing of Certificate of Amendment.
- F7Represents Placement Agent 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 12% Subordinated Convertible Notes in August 2016.
- F8Represents shares received in lieu of cash dividends.