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Robert C Schroeder

Filed: 5 Dec 19, 2:33pm
SEC Form 4
FORM 4UNITED 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)
HUNTINGTONNY11743

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/01/2019J(1)4,694A$1.0196,987D
Common Stock10/29/2019J(1)2,994A$1.1899,981D
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 Security3. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (right to purchase)$1.5905/14/2018A13,00005/14/2018(2)05/31/2023Common Stock13,000$013,000D
Stock Options (right to purchase)$10.0504/06/2015A3,000(3)04/05/2020Common Stock3,000$03,000D
Stock Options (right to purchase)$4.6406/02/2016A3,000(4)06/01/2021Common Stock3,000$03,000D
Stock Options (right to purchase)$1.6901/02/2018A3,00001/02/201812/31/2022Common Stock3,000$03,000D
Stock Options (right to purchase)$1.2802/13/2019A10,00003/31/2019(5)12/31/2025Common Stock10,000$010,000D
Warrants (right to purchase)$6.1510/13/2016J(6)8,11011/27/201605/26/2021Common Stock8,110$08,110D
Warrants (right to purchase)$6.1503/15/2017J(6)10,50009/01/201607/31/2021Common Stock10,500$010,500D
Warrants (right to purchase)$303/15/2017J(6)11,27811/23/201611/30/2021Common Stock11,278$011,278D
Warrants (right to purchase)$303/15/2017J(6)6,45012/22/201611/30/2021Common Stock6,450$017,728D
Warrants (right to purchase)$4.4503/15/2017J(6)5,00002/17/201701/31/2022Common Stock5,000$05,000D
Warrants (right to purchase)$3.303/15/2017J(6)2,91303/08/201701/31/2022Common Stock2,913$02,913D
Warrants (right to purchase)$3.7803/15/2017J(6)2,86803/15/201701/31/2022Common Stock2,868$02,868D
Warrants (right to purchase)$403/21/2017J(6)57903/21/201701/31/2022Common Stock579$0579D
Explanation of Responses:
1. Represents shares issued in lieu of cash payment of directors' fees.
2. Fully vested as of December 31, 2018.
3. Fully vested as of 11/01/2016.
4. Fully vested as of 01/01/2016.
5. Vests 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.
6. 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. Schroeder12/04/2019
** Signature of Reporting PersonDate
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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