Taglich Robert Form 4 AIR INDUSTRIES / ROBERT TAGLICH ownership change

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

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

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)

790 NEW YORK AVENUE, SUITE 209

(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)
11/23/2016

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

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
Warrants	$3.71	02/07/2017		P		19,230		02/07/2017	01/31/2022	Common Stock	19,230	$0	19,230	D
Warrants	$3.3	03/15/2017		P		7,692		03/08/2017	01/31/2022	Common Stock	7,692	$0	7,692	D
Warrants	$3	03/15/2017		J(2)		15,344		11/22/2016	11/30/2021	Common Stock	15,344	$0	39,262	D
Warrants	$3	03/15/2017		J(2)		12,540		12/22/2016	11/30/2021	Common Stock	12,540	$0	51,802	D
Warrants	$4.45	03/15/2017		J(2)		7,500		02/17/2017	01/31/2022	Common Stock	7,500	$0	7,500	D
Warrants	$3.3	03/15/2017		J(2)		4,374		03/08/2017	01/31/2022	Common Stock	4,374	$0	12,542	D
Warrants	$3.78	03/15/2017		J(2)		4,306		03/15/2017	01/31/2022	Common Stock	4,306	$0	4,306	D
Warrants	$4	03/21/2017		J(2)		869		03/21/2017	01/31/2022	Common Stock	869	$0	869	D
Warrants	$5	08/19/2016		P		2,436		08/19/2016	07/31/2021	Common Stock	2,436	$0	2,436	I	See Note(1)
Warrants	$8.72	01/01/2014		A		10,000		04/01/2014	12/31/2019	Common Stock	10,000	$0	10,000	I	See Note(3)
Warrants	$3.3	03/15/2017		J(4)		3,416		03/08/2017	01/31/2022	Common Stock	3,416	$0	3,416	I	See Note(4)
Warrants	$3.78	03/15/2017		J(4)		3,354		03/15/2017	01/31/2022	Common Stock	3,354	$0	3,354	I	See Note(4)
Warrants	$4	03/21/2017		J(4)		615		03/21/2017	01/31/2022	Common Stock	615	$0	615	I	See Note(4)

Explanation of Responses:

1. Custodian for children under NY UGMA.

2. Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

3. Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Managing Director, pursuant to Capital Markets Advisory Agreement.

4. Represents 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 2019 Notes in March 2017, in lieu of cash payment of commissions.

	/s/ Robert F. Taglich	04/12/2017
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.