SEC Form 4/A · accession 0001213900-19-002681
AIR INDUSTRIES GROUP · AIRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Michael N Taglich
Director · 10% Owner
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 11:27 am 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 StockF1 | holding | — | — | — | 3,576,090 | D | ||
| Common StockF2 | holding | — | — | — | 27,891 | 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 OptionsF3 | $1.28 | Feb 13, 2019 | A | 10,000 | A | Mar 31, 2019 | Dec 31, 2025 | Common Stock | 10,000 | 10,000 | D |
| Stock OptionsF4 | $1.59 | May 14, 2018 | A | 13,000 | A | May 14, 2018 | 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 16, 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 | 866,666 | — | D |
| Convertible NotesF8 | $0.93 | Jan 15, 2019 | P | — | A | Jan 15, 2019 | Dec 31, 2020 | Common Stock | 107,526 | — | 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 |
| WarrantsF12 | $8.72 | Jan 1, 2014 | A | 10,000 | A | Apr 1, 2014 | Dec 31, 2019 | Common Stock | 10,000 | 10,000 | I |
| Warrants | $5.00 | Aug 19, 2016 | P | 61,817 | A | Aug 19, 2016 | Jul 31, 2021 | Common Stock | 61,817 | 61,817 | D |
| WarrantsF13 | $6.15 | Oct 13, 2016 | J | 16,500 | A | Nov 27, 2016 | May 26, 2021 | Common Stock | 16,500 | 16,500 | I |
| Warrants | $6.15 | Oct 13, 2016 | J | 19,300 | A | Sep 1, 2016 | Jul 31, 2021 | Common Stock | 19,300 | 19,300 | D |
| Warrants | $3.00 | Nov 23, 2016 | P | 88,889 | A | Nov 23, 2016 | Nov 30, 2021 | Common Stock | 88,889 | 88,889 | D |
| Warrants | $3.00 | Dec 22, 2016 | P | 22,814 | A | Dec 22, 2016 | Nov 30, 2021 | Common Stock | 22,814 | 111,703 | D |
| Warrants | $3.00 | Mar 15, 2017 | J | 19,000 | A | Nov 22, 2016 | Nov 30, 2021 | Common Stock | 19,000 | 130,703 | D |
| Warrants | $1.50 | Nov 29, 2017 | P | 48,000 | A | Jan 29, 2017 | Nov 30, 2022 | Common Stock | 48,000 | 48,000 | D |
| 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 |
| WarrantsF16,F15 | $1.50 | May 12, 2017 | P | 98,591 | A | May 12, 2017 | May 12, 2022 | Common Stock | 98,591 | 98,591 | D |
| WarrantsF17 | $3.78 | Mar 15, 2017 | J | 3,354 | A | Mar 15, 2017 | Jan 31, 2022 | Common Stock | 3,354 | 3,354 | I |
| WarrantsF17 | $3.78 | Mar 15, 2017 | J | 3,354 | A | Mar 15, 2017 | Jan 31, 2022 | Common Stock | 3,354 | 3,354 | I |
Explanation of responses
- F1Includes shares previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018.
- F10Represents 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.
- F11Represents 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.
- F12Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, pursuant to Capital Markets Advisory Agreement.
- F13Represents 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.
- F14Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- F15Exercise 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.
- F16Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018
- F17Represents 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.
- F2Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.
- F3Vests as to 2,500 shares on March 31, 2019, and an additional 2,500 shares on each of June 30, 2019, September 31, 2019 and December 31, 2019.
- F4Fully vested as of 12/31/2018.
- F5Fully vested as of 11/01/2016.
- F6Fully vested as of 01/01/2017.
- 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 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.