SEC Form 4 · accession 0001213900-19-000883
AIR INDUSTRIES GROUP · AIRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Taglich
Director · 10% Owner
Period of report
Jan 4, 2019
Accepted (ET)
Jan 17, 2019 · 6:17 pm EST
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 | Jan 4, 2019 | P | 17,310 | $0.83 | A | 2,050,558 | D | |
| Common StockF1 | holding | — | — | — | 44,760 | I | See Note | |
| Common StockF2 | holding | — | — | — | 149,932 | I | See Note | |
| Common StockF3 | holding | — | — | — | 17,990 | 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 OptionsF4 | $1.59 | May 14, 2018 | A | 13,000 | A | — | May 31, 2023 | Common Stock | 13,000 | 13,000 | D |
| Stock Options | $9.38 | Mar 31, 2014 | A | 750 | A | Mar 31, 2014 | Mar 31, 2019 | Common Stock | 750 | 750 | D |
| Stock Options | $11.73 | May 16, 2014 | A | 750 | A | May 16, 2014 | May 15, 2019 | Common Stock | 750 | 750 | D |
| Stock Options | $9.24 | Aug 21, 2014 | A | 750 | A | Aug 21, 2014 | Aug 20, 2019 | Common Stock | 750 | 750 | D |
| Stock Options | $10.26 | Nov 24, 2014 | A | 1,750 | A | Nov 24, 2014 | Nov 23, 2019 | Common Stock | 1,750 | 1,750 | D |
| Stock OptionsF5 | $10.05 | Apr 6, 2015 | A | 3,000 | A | — | Apr 5, 2020 | Common Stock | 3,000 | 3,000 | D |
| Stock OptionsF6 | $4.64 | Jun 2, 2016 | A | 3,000 | A | — | Jun 1, 2021 | Common Stock | 3,000 | 3,000 | D |
| Stock Options (right to purchase) | $1.69 | Jan 2, 2018 | A | 3,000 | A | Jan 2, 2018 | Dec 31, 2022 | Common Stock | 3,000 | 3,000 | D |
| Convertible NotesF8 | $1.50 | Sep 30, 2018 | J | — | A | Sep 30, 2018 | Dec 31, 2020 | Common Stock | 433,333 | — | D |
| Convertible NotesF8 | $0.93 | Jan 15, 2019 | P | — | A | Jan 15, 2019 | Dec 31, 2020 | Common Stock | 1,075,268 | — | D |
| Convertible NotesF9,F8 | $1.50 | Sep 30, 2018 | J | — | A | Sep 30, 2018 | Dec 31, 2020 | Common Stock | 254,666 | — | I |
| Convertible NotesF10,F8 | $0.93 | Jan 15, 2019 | J | — | A | Jan 15, 2019 | Dec 31, 2020 | Common Stock | 86,021 | — | I |
| WarrantsF11 | $1.40 | Oct 1, 2018 | J | 17,500 | A | Oct 1, 2018 | Sep 30, 2023 | Common Stock | 17,500 | 17,500 | I |
| Warrants | $5.00 | Aug 19, 2016 | P | 8,307 | A | Aug 19, 2016 | Jul 31, 2021 | Common Stock | 8,307 | 8,307 | D |
| Warrants | $6.15 | Oct 13, 2016 | J | 13,500 | A | Nov 27, 2016 | May 26, 2021 | Common Stock | 13,500 | 13,500 | D |
| Warrants | $6.15 | Oct 13, 2016 | J | 15,925 | A | Sep 1, 2016 | Jul 31, 2021 | Common Stock | 15,925 | 15,925 | D |
| Warrants | $3.00 | Nov 23, 2016 | P | 8,889 | A | Nov 23, 2016 | Nov 30, 2021 | Common Stock | 8,889 | 8,889 | D |
Explanation of responses
- F1Represent shares acquired for which Mr. Taglich is the custodian for his children under NY UGMA.
- F10Represents 7% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, 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.
- F11Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, for acting as placement agent for the sale of Issuer's shares of common stock in October 2018.
- F12Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
- F2Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
- F3Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.
- F4Fully vested as of 12/31/2018.
- F5Fully vested as of 11/01/2016.
- F6Fully vested as of 01/01/2016.
- F7Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes.
- F8Does not include shares issued upon conversion for accrued interest on the Notes.
- F9Represents 6% convertible notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, 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.