# EDGAR Filing Document

**Accession Number:** 0001024533
**File Stem:** 0001213900-23-002024
**Filing Date:** 2023-1
**Character Count:** 8634
**Document Hash:** 0988a3ebaf0f2cfd14a804e2aa608709
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-002024.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001213900-23-002024

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230109

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**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:** 23521281

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>TAGLICH MICHAEL N<br><sub>(Last) (First) (Middle)</sub><br>C/O TAGLICH BROTHERS, INC.<br>37 MAIN STREET<br><sub>(Street)</sub><br>COLD SPRING HARBOR, NY 11724<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-09 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>AIR INDUSTRIES GROUP [ AIRI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-09 |  | J<sup>(1)</sup> |  | 3160 | A | $4.38 | 410690 | D |  |
| Common Stock |  |  |  |  |  |  |  | 23995 | I | See Note<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $8.40 |  |  |  |  |  |  | 2022-12-31 | 2027-04-30 | Common Stock | 1000 |  | 1000 | D |  |
| Stock Options | $13.20 |  |  |  |  |  |  | 2021-12-31 | 2027-12-31 | Common Stock | 1000 |  | 1000 | D |  |
| Stock Options | $23.80 |  |  |  |  |  |  | 2020-12-31 | 2026-12-31 | Common Stock | 1000 |  | 1000 | D |  |
| Stock Options | $12.80 |  |  |  |  |  |  | 2019-12-31 | 2025-12-31 | Common Stock | 1000 |  | 1000 | D |  |
| Stock Options | $15.90 |  |  |  |  |  |  | 2018-05-14 | 2023-05-31 | Common Stock | 1300 |  | 1300 | D |  |
| Convertible Notes<sup>(3)</sup> | $15.00 |  |  |  |  |  |  | 2018-09-30 | 2023-07-01 | Common Stock | 101544<sup>(4)</sup> |  |  | D |  |
| Convertible Notes | $9.30 |  |  |  |  |  |  | 2019-01-15 | 2023-07-01 | Common Stock | 110323<sup>(4)</sup> |  |  | D |  |
| Convertible Notes | $15.00 |  |  |  |  |  |  | 2018-09-30 | 2023-07-01 | Common Stock | 14217<sup>(4)</sup> |  |  | I | See Note<sup>(5)</sup> |
| Convertible Notes | $15.00 |  |  |  |  |  |  | 2018-09-30 | 2023-07-01 | Common Stock | 7812<sup>(4)</sup> |  |  | D |  |
| Convertible Notes | $9.30 |  |  |  |  |  |  | 2019-01-15 | 2023-07-01 | Common Stock | 3011<sup>(4)</sup> |  |  | I | See Note<sup>(6)</sup> |
| Warrants | $14.00 |  |  |  |  |  |  | 2018-10-01 | 2023-09-30 | Common Stock | 1750 |  | 1750 | I | See Note<sup>(7)</sup> |

---

### Footnotes:

(1) Shares received in lieu of cash payment of director's fees.

(2) Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.

(3) Represents Issuer's 6% convertible notes received pursuant to amendment to Issuer's 8% convertible notes and includes unpaid interest through December 31, 2020.

(4) 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.

(5) 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.

(6) 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.

(7) 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.

**Signature:** /s/ Michael N. Taglich  
**Date:** 2023-01-09

### Remarks:

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.**