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*
SCHROEDER ROBERT C

(Last) (First) (Middle)
700 NEW YORK AVENUE, SUITE B

(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)
01/11/2021
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 102,481 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) $1.32 01/11/2021 A 10,000 03/31/2021(1) 12/31/2027 Common Stock 10,000 $0 10,000 D
Stock Options (right to purchase) $1.59 12/31/2018 05/31/2023 Common Stock 13,000 13,000 D
Stock Options (right to purchase) $4.64 01/01/2016 06/01/2021 Common Stock 3,000 3,000 D
Stock Options (right to purchase) $1.69 01/02/2018 12/31/2022 Common Stock 3,000 3,000 D
Stock Options (right to purchase) $1.28 12/31/2019 12/31/2025 Common Stock 10,000 10,000 D
Stock Options (right to purchase) $2.38 12/31/2020 12/31/2026 Common Stock 10,000 10,000 D
Warrants (right to purchase) $6.15 11/27/2016 05/26/2021 Common Stock 8,110 8,110 D
Warrants (right to purchase) $6.15 09/01/2016 07/31/2021 Common Stock 10,500 10,500 D
Warrants (right to purchase) $3 11/23/2016 11/30/2021 Common Stock 11,278 11,278 D
Warrants (right to purchase) $3 12/22/2016 11/30/2021 Common Stock 6,450 17,728 D
Warrants (right to purchase) $4.45 02/17/2017 01/31/2022 Common Stock 5,000 5,000 D
Warrants (right to purchase) $3.3 03/08/2017 01/31/2022 Common Stock 2,913 2,913 D
Warrants (right to purchase) $3.78 03/15/2017 01/31/2022 Common Stock 2,868 2,868 D
Warrants (right to purchase) $4 03/21/2017 01/31/2022 Common Stock 579 579 D
Explanation of Responses:
1. Vests as to 2,500 shares on March 31, 2021, and an additional 2,500 shares on each of June 30, 2021, September 30, 2021 and December 31, 2021.
/s/ Robert C. Schroeder 01/13/2021
** 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.