SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
TAGLICH ROBERT
(Last) (First) (Middle)
700 NEW YORK AVENUE, SUITE B
(Street)
HUNTINGTON NY 11743
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AIR INDUSTRIES GROUP [ AIRI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/29/2016 M 3,000 A $2.95 377,903 D
Common Stock 45,980 I See Note(1)
Common Stock 12,746 I See Note(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to purchase) $6 09/10/2012 A 3,000 09/10/2012 09/10/2017 Common Stock 3,000 $0 3,000 D
Stock Options (right to purchase) $6 04/23/2013 A 750 04/23/2013 04/23/2018 Common Stock 750 $0 3,750 D
Stock Options (right to purchase) $7.86 09/30/2013 A 750 09/30/2013 09/30/2018 Common Stock 750 $0 4,500 D
Stock Options (right to purchase) $8.98 12/31/2013 A 750 12/31/2013 12/31/2018 Common Stock 750 $0 5,250 D
Stock Options (right to purchase) $9.38 03/31/2014 A 750 03/31/2014 03/31/2019 Common Stock 750 $0 6,000 D
Warrants (1) (right to purchase) $6.3 06/22/2012 A 31,190 06/22/2012 06/22/2017 Common Stock 31,190 $0 37,190 I See Note(3)
Warrants (1) (right to purchase) $8.72 01/01/2014 A 10,000 04/01/2014 12/31/2019 Common Stock 10,000 $0 47,190 I See Note(4)
Stock Options (right to purchase) $11.73 05/16/2014 A 750 05/16/2014 05/15/2019 Common Stock 750 $0 47,940 D
Stock Options (right to purchase) $9.24 08/21/2014 A 750 08/21/2014 08/22/2019 Common Stock 750 $0 48,690 D
Stock Options (right to purchase) $10.26 11/24/2014 A 1,750 11/24/2014 11/23/2019 Common Stock 1,750 $0 50,440 D
Stock Options (right to purchase) $10.05 04/06/2015 A 750 04/06/2015 04/05/2020 Common Stock 750 $0 51,190 D
Stock Options (right to purchase) $10.05 04/06/2015 A 750 07/01/2015 04/05/2020 Common Stock 750 $0 51,940 D
Stock Options (right to purchase) $10.05 04/06/2015 A 750 10/01/2015 04/05/2020 Common Stock 750 $0 52,690 D
Stock Options (right to purchase) $10.05 04/06/2015 A 750 01/01/2016 04/05/2020 Common Stock 750 $0 53,440 D
Series A Convertible Preferred Stock $4.92 05/26/2016 P 65,000 05/26/2016 (6) Common Stock 132,113 $10 185,553 D
Warrants (5) (right to purchase) $6.15 05/26/2016 P 50,996 11/27/2016 05/26/2021 Common Stock 50,996 $0 236,549 I See Note(5)
Stock Options (right to purchase) $4.64 06/02/2016 A 750 06/02/2016 06/01/2021 Common Stock 750 $0 237,299 D
Stock Options (right to purchase) $4.64 06/02/2016 A 750 08/01/2016 06/01/2021 Common Stock 750 $0 238,049 D
Stock Options (right to purchase) $4.64 06/02/2016 A 750 11/01/2016 06/01/2021 Common Stock 750 $0 238,799 D
Stock Options (right to purchase) $4.64 06/02/2016 A 750 02/01/2017 06/01/2021 Common Stock 750 $0 239,549 D
Explanation of Responses:
1. Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director
2. Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
3. Reporting Person's portion of a total 118,585 Placement Agent Warrants received by Taglich Brothers, Inc., which acted as placement agent for the sale of Issuer's common stock in June and July of 2012.
4. Represents warrants issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to Capital Markets Advisory Agreement.
5. Placement Agent Warrants received by Taglich Brothers, Inc., of which the Reporting Person is Managing Director, which acted as placement agent for the sale of Issuer's Series A Convertible Preferred Stock in May 2016.
6. No expiration date.
/s/ Robert F. Taglich 06/30/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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