0001213900-22-018713.txt : 20220407 0001213900-22-018713.hdr.sgml : 20220407 20220407165726 ACCESSION NUMBER: 0001213900-22-018713 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220406 FILED AS OF DATE: 20220407 DATE AS OF CHANGE: 20220407 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: 22814522 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 X0306 4 2022-04-06 0 0001009891 AIR INDUSTRIES GROUP AIRI 0001024533 TAGLICH MICHAEL N C/O TAGLICH BROTHERS, INC. 37 MAIN STREET COLD SPRING HARBOR NY 11724 1 0 0 0 Common Stock 2022-04-06 4 J 0 18825 0.84 A 4028743 D Common Stock 239946 I See Note Stock Options 0.84 2022-04-06 4 A 0 10000 0 A 2027-04-30 Common Stock 10000 10000 D Stock Options 1.32 2021-12-31 2027-12-31 Common Stock 10000 10000 D Stock Options 2.38 2020-12-31 2026-12-31 Common Stock 10000 10000 D Stock Options 1.28 2019-12-31 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 (right to purchase) 1.69 2018-01-02 2022-12-31 Common Stock 3000 3000 D Convertible Notes 1.5 2018-09-30 2023-07-01 Common Stock 1015438 1523157 D Convertible Notes 0.93 2019-01-15 2023-07-01 Common Stock 1103225 1026000 D Convertible Notes 1.5 2018-09-30 2023-07-01 Common Stock 142161 213242 I See Note Convertible Notes 1.5 2018-09-30 2023-07-01 Common Stock 78111 117166 I See Note Convertible Notes 0.93 2019-01-15 2023-07-01 Common Stock 30108 28000 I See Note Warrants 1.4 2018-10-01 2023-09-30 Common Stock 17500 17500 I See Note Warrants 1.5 2017-01-29 2022-11-30 Common Stock 48000 48000 D Warrants 1.5 2017-05-12 2022-05-12 Common Stock 98591 98591 D 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 April 6, 2022, and an additional 2,500 shares on each of June 30, 2022, September 30, 2022 and December 31, 2022. Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020. Includes accrued interest on the Notes through December 31, 2020 and the shares that would be issued upon conversion for the interest accrued through December 31, 2020. Does not include shares to be issued upon conversion for interest accrued after December 31, 2020. 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 6% convertible notes acquired from Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, originally issued to Taglich Brothers 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. 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. /s/ Michael N. Taglich 2022-04-07