0001213900-20-009088.txt : 20200413 0001213900-20-009088.hdr.sgml : 20200413 20200413174834 ACCESSION NUMBER: 0001213900-20-009088 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200413 FILED AS OF DATE: 20200413 DATE AS OF CHANGE: 20200413 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: TAGLICH MICHAEL N CENTRAL INDEX KEY: 0001024533 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35927 FILM NUMBER: 20789527 MAIL ADDRESS: STREET 1: TAGLICH BROTHERS INC STREET 2: 1370 AVENUE OF THE AMERICAS --31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 6317254791 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AIR INDUSTRIES GROUP CENTRAL INDEX KEY: 0001009891 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 204458244 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1460 FIFTH AVENUE CITY: BAY SHORE STATE: NY ZIP: 11706 BUSINESS PHONE: 631-881-4920 MAIL ADDRESS: STREET 1: 1460 FIFTH AVENUE CITY: BAY SHORE STATE: NY ZIP: 11706 FORMER COMPANY: FORMER CONFORMED NAME: AIR INDUSTRIES GROUP, INC. DATE OF NAME CHANGE: 20070702 FORMER COMPANY: FORMER CONFORMED NAME: Gales Industries Inc DATE OF NAME CHANGE: 20060410 FORMER COMPANY: FORMER CONFORMED NAME: Ashlin Development Corp DATE OF NAME CHANGE: 20050127 4 1 ownership.xml OWNERSHIP DOCUMENT X0306 4 2020-04-13 0 0001009891 AIR INDUSTRIES GROUP AIRI 0001024533 TAGLICH MICHAEL N C/O TAGLICH BROTHERS, INC. 790 NEW YORK AVENUE, SUITE 209 HUNTINGTON NY 11743 1 0 1 0 Common Stock 2020-04-13 4 J 0 14779 1.07 A 3839589 D Common Stock 233023 I See Note Stock Options (right to purchase) 2.38 2020-03-31 2026-12-31 Common Stock 10000 10000 D Stock Options 1.28 2025-12-31 Common Stock 10000 10000 D Stock Options 1.59 2018-05-14 2023-05-31 Common Stock 13000 13000 D Stock Options 4.64 2021-06-01 Common Stock 3000 3000 D Stock Options (right to purchase) 1.69 2018-01-02 2022-12-31 Common Stock 3000 3000 D Convertible Notes 1.5 2018-09-30 2020-12-31 Common Stock 866666 1300000 D Convertible Notes 0.93 2019-01-15 2020-12-31 Common Stock 1075268 1000000 D Convertible Notes 1.5 2018-09-30 2020-12-31 Common Stock 254666 382000 I See Note Convertible Notes 0.93 2019-01-15 2020-12-31 Common Stock 86021 80000 I See Note Warrants 1.4 2018-10-01 2023-09-30 Common Stock 17500 17500 I See Note Warrants 5 2016-08-19 2021-07-31 Common Stock 61817 61817 D Warrants 6.15 2016-11-27 2021-05-26 Common Stock 16500 16500 D Warrants 6.15 2016-09-01 2021-07-31 Common Stock 19300 19300 D Warrants 3 2016-11-23 2021-11-30 Common Stock 88889 88889 D Warrants 3 2016-12-22 2021-11-30 Common Stock 22814 111703 D Warrants 3 2016-11-22 2021-11-30 Common Stock 19000 130703 D Warrants 1.5 2017-01-29 2022-11-30 Common Stock 48000 48000 D Warrants 3 2016-12-22 2021-11-30 Common Stock 13000 143703 D Warrants 4.45 2017-02-17 2022-01-31 Common Stock 7880 7880 D Warrants 3.3 2017-03-08 2022-01-31 Common Stock 4850 4850 D Warrants 3.78 2017-03-15 2022-01-31 Common Stock 4775 4775 D Warrants 4 2017-03-21 2022-01-31 Common Stock 964 964 D Warrants 1.5 2017-05-12 2022-05-12 Common Stock 98591 98591 D Warrants 3.78 2017-03-15 2022-01-31 Common Stock 3354 3354 I See Note Warrants 4 2017-03-21 2022-01-31 Common Stock 615 615 I See Note Shares received in lieu of cash payment of director's fees. Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President. Vests as to 2,500 shares on March 31, 2020, and an additional 2,500 shares on each of June 30, 2020, September 30, 2020 and December 31, 2020. Fully vested as of 12/31/2019. Fully vested as of 12/31/2018. Fully vested as of 01/01/2017. Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes. Does not include shares issued upon conversion for accrued interest on the Notes. Represents 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. Represents 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. Represents 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. Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President. Exercise 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. Includes warrants previously owned by a partnership of which Reporting Person was a General Partner, received upon liquidation at the end of 2018. Represents 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. /s/ Michael N. Taglich 2020-04-13