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 MICHAEL N (Last) (First) (Middle) C/O TAGLICH BROTHERS, INC. 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) 05/21/2018
	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

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
Warrants	$3	03/15/2017		J(1)		13,000		12/22/2016	11/30/2021	Common Stock	13,000	$0	143,703	D
Warrants	$4.45	03/15/2017		J(1)		7,880		02/17/2017	01/31/2022	Common Stock	7,880	$0	7,880	D
Warrants	$3.3	03/15/2017		J(1)		4,850		03/08/2017	01/31/2022	Common Stock	4,850	$0	4,850	D
Warrants	$3.78	03/15/2017		J(1)		4,775		03/15/2017	01/31/2022	Common Stock	4,775	$0	4,775	D
Warrants	$4	03/21/2017		J(1)		964		03/21/2017	01/31/2022	Common Stock	964	$0	964	D
Warrants	$1.5(2)	05/12/2017		P		93,279		05/12/2017	05/12/2022	Common Stock	93,279	$0	93,279	D
Warrants	$3.78	03/15/2017		J(3)		3,354		03/15/2017	01/31/2022	Common Stock	3,354	$0	3,354	I	See Note(3)
Warrants	$3.78	03/15/2017		J(3)		3,354		03/15/2017	01/31/2022	Common Stock	3,354	$0	3,354	I	See Note(3)
Warrants	$4	03/21/2017		J(3)		615		03/21/2017	01/31/2022	Common Stock	615	$0	615	I	See Note(3)

Explanation of Responses:

1. Assignment of a portion of Placement Agent Warrants originally issued to Taglich Brothers, Inc., of which the Reporting Person is Chairman and President.

2. Exercise price was reduced from $2.49 to $1.50 per share, the public offering price of the Issuer's common stock in the Issuer's public offering which closed on July 12, 2017, pursuant to the terms of the warrant.

3. Represents warrants received by Taglich Brothers, Inc., of which the Reporting Person is Chairman and President, which acted as placement agent for the sale of Issuer's 2019 Notes in March 2017, in lieu of cash payment of commissions.

	/s/ Michael N. Taglich	05/22/2018
	** Signature of Reporting Person	Date
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