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* 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) 04/04/2019
	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	04/04/2019		J(1)		4,442	A	$1.12	92,293	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)	$1.59	05/14/2018		A		13,000		05/14/2018(2)	05/31/2023	Common Stock	13,000	$0	13,000	D
Stock Options (right to purchase)	$11.73	05/16/2014		A		750		05/16/2014	05/15/2019	Common Stock	750	$0	750	D
Stock Options (right to purchase)	$9.24	08/21/2014		A		750		08/21/2014	08/20/2019	Common Stock	750	$0	750	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	1,750	D
Stock Options (right to purchase)	$10.05	04/06/2015		A		3,000		(3)	04/05/2020	Common Stock	3,000	$0	3,000	D
Stock Options (right to purchase)	$4.64	06/02/2016		A		3,000		(4)	06/01/2021	Common Stock	3,000	$0	3,000	D
Stock Options (right to purchase)	$1.69	01/02/2018		A		3,000		01/02/2018	12/31/2022	Common Stock	3,000	$0	3,000	D
Stock Options (right to purchase)	$1.28	02/13/2019		A		10,000		03/31/2019(5)	12/31/2025	Common Stock	10,000	$0	10,000	D
Warrants (right to purchase)	$11.25	07/28/2014		J(5)		7,580		05/29/2015	05/28/2019	Common Stock	7,580	$0	7,580	D
Warrants (right to purchase)	$6.15	10/13/2016		J(6)		8,110		11/27/2016	05/26/2021	Common Stock	8,110	$0	8,110	D
Warrants (right to purchase)	$6.15	03/15/2017		J(6)		10,500		09/01/2016	07/31/2021	Common Stock	10,500	$0	10,500	D
Warrants (right to purchase)	$3	03/15/2017		J(6)		11,278		11/23/2016	11/30/2021	Common Stock	11,278	$0	11,278	D
Warrants (right to purchase)	$3	03/15/2017		J(6)		6,450		12/22/2016	11/30/2021	Common Stock	6,450	$0	17,728	D
Warrants (right to purchase)	$4.45	03/15/2017		J(6)		5,000		02/17/2017	01/31/2022	Common Stock	5,000	$0	5,000	D
Warrants (right to purchase)	$3.3	03/15/2017		J(6)		2,913		03/08/2017	01/31/2022	Common Stock	2,913	$0	2,913	D
Warrants (right to purchase)	$3.78	03/15/2017		J(6)		2,868		03/15/2017	01/31/2022	Common Stock	2,868	$0	2,868	D
Warrants (right to purchase)	$4	03/21/2017		J(6)		579		03/21/2017	01/31/2022	Common Stock	579	$0	579	D

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. Schroeder	04/04/2019
	** 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).
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