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*
SCHROEDER ROBERT C

(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)
05/14/2018
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 08/03/2017 A 10,333 A $1.36 62,012 D
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) $1.59 05/14/2018 A 13,000 05/14/2018(1) 05/31/2023 Common Stock 13,000 $0 13,000 D
Stock Options (right to purchase) $7.86 09/30/2013 A 750 09/30/2013 09/30/2018 Common Stock 750 $0 750 D
Stock Options (right to purchase) $8.98 12/31/2013 A 750 12/31/2013 12/31/2018 Common Stock 750 $0 750 D
Stock Options (right to purchase) $9.38 03/31/2014 A 750 03/31/2014 03/31/2019 Common Stock 750 $0 750 D
Stock Options (right to purchase) $11.73 05/16/2014 A 750 05/16/2014 05/15/2019 Common Stock 750 $0 750 D
Stock Options (right to purchase) $9.24 08/21/2014 A 750 08/21/2014 08/20/2019 Common Stock 750 $0 750 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 1,750 D
Stock Options (right to purchase) $10.05 04/06/2015 A 3,000 (2) 04/05/2020 Common Stock 3,000 $0 3,000 D
Stock Options (right to purchase) $4.64 06/02/2016 A 3,000 (3) 06/01/2021 Common Stock 3,000 $0 3,000 D
Stock Options (right to purchase) $1.69 01/02/2018 A 3,000 01/02/2018 12/31/2022 Common Stock 3,000 $0 3,000 D
Warrants (right to purchase) $11.25 07/28/2014 J(4) 7,580 05/29/2015 05/28/2019 Common Stock 7,580 $0 7,580 D
Warrants (right to purchase) $6.15 10/13/2016 J(4) 8,110 11/27/2016 05/26/2021 Common Stock 8,110 $0 8,110 D
Warrants (right to purchase) $6.15 03/15/2017 J(4) 10,500 09/01/2016 07/31/2021 Common Stock 10,500 $0 10,500 D
Warrants (right to purchase) $3 03/15/2017 J(4) 11,278 11/23/2016 11/30/2021 Common Stock 11,278 $0 11,278 D
Warrants (right to purchase) $3 03/15/2017 J(4) 6,450 12/22/2016 11/30/2021 Common Stock 6,450 $0 17,728 D
Warrants (right to purchase) $4.45 03/15/2017 J(4) 5,000 02/17/2017 01/31/2022 Common Stock 5,000 $0 5,000 D
Warrants (right to purchase) $3.3 03/15/2017 J(4) 2,913 03/08/2017 01/31/2022 Common Stock 2,913 $0 2,913 D
Warrants (right to purchase) $3.78 03/15/2017 J(4) 2,868 03/15/2017 01/31/2022 Common Stock 2,868 $0 2,868 D
Warrants (right to purchase) $4 03/21/2017 J(4) 579 03/21/2017 01/31/2022 Common Stock 579 $0 579 D
Explanation of Responses:
1. Vests as to 5,500 shares on May 14, 2018 and in increments of 2,500 additional shares on each of June 30, September 30, 2018 and December 31, 2018.
2. Fully vested as of 11/01/2016.
3. Fully vested as of 01/01/2016.
4. Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Vice President - Investment Banking.
/s/ Robert C. Schroeder 05/16/2018
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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