SEC Form 4 · accession 0001193805-18-000745
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
May 21, 2018
Accepted (ET)
May 22, 2018 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009891
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $3.00 | Mar 15, 2017 | J | 13,000 | A | Dec 22, 2016 | Nov 30, 2021 | Common Stock | 13,000 | 143,703 | D |
| Warrants | $4.45 | Mar 15, 2017 | J | 7,880 | A | Feb 17, 2017 | Jan 31, 2022 | Common Stock | 7,880 | 7,880 | D |
| Warrants | $3.30 | Mar 15, 2017 | J | 4,850 | A | Mar 8, 2017 | Jan 31, 2022 | Common Stock | 4,850 | 4,850 | D |
| Warrants | $3.78 | Mar 15, 2017 | J | 4,775 | A | Mar 15, 2017 | Jan 31, 2022 | Common Stock | 4,775 | 4,775 | D |
| Warrants | $4.00 | Mar 21, 2017 | J | 964 | A | Mar 21, 2017 | Jan 31, 2022 | Common Stock | 964 | 964 | D |
| WarrantsF2 | $1.50 | May 12, 2017 | P | 93,279 | A | May 12, 2017 | May 12, 2022 | Common Stock | 93,279 | 93,279 | D |
| WarrantsF3 | $3.78 | Mar 15, 2017 | J | 3,354 | A | Mar 15, 2017 | Jan 31, 2022 | Common Stock | 3,354 | 3,354 | I |
| WarrantsF3 | $3.78 | Mar 15, 2017 | J | 3,354 | A | Mar 15, 2017 | Jan 31, 2022 | Common Stock | 3,354 | 3,354 | I |
| WarrantsF3 | $4.00 | Mar 21, 2017 | J | 615 | A | Mar 21, 2017 | Jan 31, 2022 | Common Stock | 615 | 615 | I |
Explanation of responses
- F1Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- F2Exercise 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.
- F3Represents 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 2019 Notes in March 2017, in lieu of cash payment of commissions.