Michael E. Recca - 11 Apr 2022 Form 4 Insider Report for AIR INDUSTRIES GROUP (AIRI)

Role
Chief Financial Officer
Signature
/s/ Michael E. Recca
Issuer symbol
AIRI
Transactions as of
11 Apr 2022
Net transactions value
$0
Form type
4
Filing time
13 Apr 2022, 13:23:06 UTC
Previous filing
03 Aug 2021
Next filing
25 May 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIRI Stock Options Award $0 +100,000 $0.000000 100,000 11 Apr 2022 Common Stock 100,000 $0.8300 Direct F1
holding AIRI Stock Options 100,000 11 Apr 2022 Common Stock 125,000 $1.22 Direct F2
holding AIRI Stock Options 100,000 11 Apr 2022 Common Stock 75,000 $1.39 Direct F3
holding AIRI Stock Options 100,000 11 Apr 2022 Common Stock 100,000 $1.03 Direct F4
holding AIRI Stock Options 100,000 11 Apr 2022 Common Stock 90,000 $0.8800 Direct
holding AIRI Stock Options 100,000 11 Apr 2022 Common Stock 50,000 $1.42 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vests as to 33,333 shares on each of April 12, 2022 and March 31, 2023, and 33,334 shares on March 31, 2024.
F2 Vests as to 41,667 shares on July 30, 2021 and July 31, 2022 and 41,666 shares on July 31, 2023.
F3 Vests in equal instalments of 25,000 shares commencing March 24, 2021.
F4 Vested as to 33,334 shares on March 25, 2020 and 33,333 shares on each of March 25, 2021 and 2022.
F5 Vests in annual instalments of 10,000 shares commencing July 24, 2018.