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 X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 05/14/2018
	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	10/03/2017		C(1)		1,407,354	A	$1.5	1,826,786	D
Common Stock	11/29/2017		P		72,463	A	$1.38	1,899,249	D
Common Stock	10/03/2017		C(2)		44,760	A	$1.5	44,760	I	See Note(2)
Common Stock	10/03/2017		C(3)		137,186	A	$1.5	149,932	I	See Note(3)
Common Stock								17,990	I	See Note(4)

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	$1.59	05/14/2018		A		13,000		05/14/2018(5)	05/31/2023	Common Stock	13,000	$0	13,000	D
Stock Options	$7.86	09/30/2013		A		750		09/30/2013	09/30/2018	Common Stock	750	$0	750	D
Stock Options	$8.98	12/31/2013		A		750		12/31/2013	12/31/2018	Common Stock	750	$0	750	D
Stock Options	$9.38	03/31/2014		A		750		03/31/2014	03/31/2019	Common Stock	750	$0	750	D
Stock Options	$11.73	05/16/2014		A		750		05/16/2014	05/15/2019	Common Stock	750	$0	750	D
Stock Options	$9.24	08/21/2014		A		750		08/21/2014	08/20/2019	Common Stock	750	$0	750	D
Stock Options	$10.26	11/24/2014		A		1,750		11/24/2014	11/23/2019	Common Stock	1,750	$0	1,750	D
Stock Options	$10.05	04/06/2015		A		3,000		(6)	04/05/2020	Common Stock	3,000	$0	3,000	D
Stock Options	$4.64	06/02/2016		A		3,000		(7)	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
Convertible Notes	$2.25	02/28/2017		J(8)		$2,148		11/23/2016	11/30/2018	Common Stock	955	$2,148	$102,148	D
Convertible Notes	$2.63	02/28/2017		J(8)		$4,537		12/22/2016	11/30/2018	Common Stock	1,725	$4,537	$204,537	D
Convertible Notes	$3.71	02/07/2017		P		$250,000		02/07/2017	01/31/2019	Common Stock	67,386	$250,000	$250,000	D
Convertible Notes	$3.3	03/08/2017		P		$100,000		03/08/2017	01/31/2019	Common Stock	30,303	$100,000	$100,000	D
Convertible Notes	$2.25	11/23/2016		J(9)		$112,000		11/23/2016	11/30/2018	Common Stock	49,778	$112,000	$112,000	I	See Note(9)
Convertible Notes	$2.63	12/22/2016		J(10)		$94,000		12/22/2016	11/30/2018	Common Stock	35,742	$94,000	$94,000	I	See Note(10)
Convertible Notes	(11)	02/28/2017		J(12)		$4,538		11/23/2016	11/30/2018	Common Stock	1,880	$4,538	$4,538	I	See Note(12)
Convertible Notes	$3.71	02/07/2017		J(13)		$20,000		02/07/2017	01/31/2019	Common Stock	5,391	$20,000	$20,000	I	See Note(13)
Convertible Notes	$3.25	02/17/2017		J(14)		$60,000		02/17/2017	01/31/2019	Common Stock	18,462	$60,000	$60,000	I	See Note(14)
Convertible Notes	$3.3	03/08/2017		J(15)		$44,400		03/08/2017	01/31/2019	Common Stock	13,455	$44,400	$44,400	I	See Note(15)
Convertible Notes	$3.78	03/15/2017		J(16)		$43,600		03/15/2017	01/31/2019	Common Stock	11,535	$43,600	$43,600	I	See Note(16)
Convertible Notes	$4	03/22/2017		J(17)		$8,000		03/22/2017	01/31/2019	Common Stock	2,000	$8,000	$8,000	I	See Note(17)
Warrants	$5	08/19/2016		P		8,307		08/19/2016	07/31/2021	Common Stock	8,307	$0	8,307	D
Warrants	$6.15	10/13/2016		J(18)		13,500		11/27/2016	05/26/2021	Common Stock	13,500	$0	13,500	D
Warrants	$6.15	10/13/2016		J(18)		15,925		09/01/2016	07/31/2021	Common Stock	15,925	$0	15,925	D
Warrants	$3	11/23/2016		P		8,889		11/23/2016	11/30/2021	Common Stock	8,889	$0	8,889	D

Explanation of Responses:

1. Includes 659,882 shares acquired upon conversion of Series A Preferred Stock, 516,144 shares acquired upon conversion of notes issued in May 2017 and 231,328 shares acquired upon conversion of notes issued in March 2017.

2. Represent shares acquired upon conversion of Series A Preferred Stock for which Mr. Taglich is the custodian for his children under NY UGMA.

3. Owned by Tag/Kent Partners, of which Reporting Person is a General Partner, and includes 137,186 shares received upon conversion of notes issued in May 2017.

4. Represents shares owned by Taglich Brothers, Inc., of which the Reporting Person is Managing Director.

5. Vests as to 5,500 shares on May 14, 2018 and in increments of 2,500 additional shares on each of June 30, September 30, 2018 and December 31, 2018.

6. Fully vested as of 11/01/2016.

7. Fully vested as of 01/01/2016.

8. Represents convertible notes received in lieu of cash payment of accrued interest on February 28, 2017.

9. Represents Issuer's 8% Subordinated Convertible Notes due November 30, 2018 (the "2018 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in November 2016.

10. Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2018 Notes in December 2016.

11. Conversion price is $2.25 per share as to $2,406 principal amount of 2018 Notes and $2.63 per share as $2,132 principal amount of 2018 Notes issued in lieu of cash payment of accrued interest on the 2018 Notes issued in November and December 2016, respectively.

12. Represents 2018 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of accrued interest on the 2018 Notes.

13. Represents Issuer's 8% Subordinated Convertible Notes due January 31, 2019 (the "2019 Notes") issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 7, 2017.

14. Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on February 17, 2017.

15. Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 8, 2017.

16. Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 15, 2017.

17. Represents Issuer's 2019 Notes issued to Taglich Brothers, Inc., of which the Reporting Person is Managing Director, in lieu of cash payment of commissions earned for acting as placement agent for the sale of Issuer's 2019 Notes on March 21, 2017.

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

	/s/ Robert F. Taglich	05/16/2018
	** Signature of Reporting Person	Date
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