David Buonanno Form 4 AIR INDUSTRIES / DAVID BUONANNO 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

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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^*

BUONANNO DAVID

(Last) (First) (Middle)

8213 BAY SHORE DRIVE WEST

(Street)

MARGATE CITY NJ 08402

(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)
06/02/2016

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
Common Stock	01/07/2016		P		61	A	$7.85	1,600	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)	$2.95	07/11/2011		A		3,000		07/11/2011	07/11/2016	Common Stock	3,000	$0	3,000	D
Stock Options (right to purchase)	$6	09/10/2012		A		3,000		09/10/2012	09/10/2017	Common Stock	3,000	$0	6,000	D
Stock Options (right to purchase)	$6	04/23/2013		A		750		04/23/2013	04/23/2018	Common Stock	750	$0	6,750	D
Stock Options (right to purchase)	$7.86	09/30/2013		A		750		09/30/2013	09/30/2018	Common Stock	750	$0	7,500	D
Stock Options (right to purchase)	$8.98	12/31/2013		A		750		12/31/2013	12/31/2018	Common Stock	750	$0	8,250	D
Stock Options (right to purchase)	$9.38	03/31/2014		A		750		03/31/2014	03/31/2019	Common Stock	750	$0	9,000	D
Stock Options (right to purchase)	$11.73	05/16/2014		A		750		05/16/2014	05/15/2019	Common Stock	750	$0	9,750	D
Stock Options (right to purchase)	$9.24	08/21/2014		A		750		08/21/2014	08/20/2019	Common Stock	750	$0	10,500	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	12,250	D
Stock Options (right to purchase)	$10.05	04/06/2015		A		750		04/06/2015	04/05/2020	Common Stock	750	$0	13,000	D
Stock Options (right to purchase)	$10.05	04/06/2015		A		750		07/01/2015	04/05/2020	Common Stock	750	$0	13,750	D
Stock Options (right to purchase)	$10.05	04/06/2015		A		750		10/01/2015	04/05/2020	Common Stock	750	$0	14,500	D
Stock Options (right to purchase)	$10.05	04/06/2015		A		750		01/01/2016	04/05/2020	Common Stock	750	$0	15,250	D
Stock Options (right to purchase)	$4.64	06/02/2016		A		750		06/02/2016	06/01/2021	Common Stock	750	$0	16,000	D
Stock Options (right to purchase)	$4.64	06/02/2016		A		750		08/01/2016	06/01/2021	Common Stock	750	$0	16,750	D
Stock Options (right to purchase)	$4.64	06/02/2016		A		750		11/01/2016	06/01/2021	Common Stock	750	$0	17,500	D
Stock Options (right to purchase)	$4.64	06/02/2016		A		750		02/01/2017	06/01/2021	Common Stock	750	$0	18,250	D

Explanation of Responses:

	/s/ David Buonanno	06/06/2016
	** 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.