FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if no longer subject ---------------------------- to Section 16. OMB APPROVAL Form 4 or Form 5 ---------------------------- obligations may OMB Number: 3325-0362 continue. See Expires: October 31, 2001 instruction 1(b) Estimated average burden [ ] Form 3 Holdings hours per response . . . 1.0 Reported ---------------------------- [X] Form 4 Filed pursuant to Section 16(a) of the Securities Trans- Exchange Act of 1934, Section 17(a) of the Public actions Utility Holding Company Act of 1935 or Reported Section 30(f) of the Investment Company Act 1940 -------------------------------------------------------------------------------- 1. Name and Address of 2. Issuer Name and 6. Relationship of Reporting Reporting Person* Ticker or Trading Person to Issuer (check Symbol all Applicable) (AVGP) X Director 10% Owner Sanders Lee Barnett Aviation Group, Inc. --- --- ------------------------- ---------------------- X Officer Other (Last) (First) (MI) --- --- (Give title (specify below) 700 North Pearl #2170 below) ------------------------- Chairman ###-##-#### June 2000 (Street ---------------------- ---------------------------- Dallas, TX 75201 3. IRS or Soc. Sec. No. 4. Statement for Month/ ------------------------- of Reporting Person Year (City) (State) (Zip) (Voluntary) ---------------------- ---------------------------- 5. If Amendment, Date of 7. Individual or Joint/Group Original (Month/Year) 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 2. Transaction 3. Transaction 4. Security Acquired (A) (Inst.3) Date Code or Disposed of (D) (Month/ (Instr.8) (Inst.3, 4 & 5) Day/Yr) ---------------------------------------- (A) Code V Amount (D) Price ~~Aviation Group, Inc.~~ $.01 Common Stock 5/22/00 2,700 D 3.25 ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- ------------------------ ------------- ------ ----- ------------- --- ------- 5. Amount of Securities 6. Ownership Form 7. Nature of Indirect Beneficially Owned at Direct (D) or Beneficial Ownership at End of Month Indirect (I) (Inst. 4) (Inst. 3 & 4) 58987,~~500~~300 D ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- ------------------------ ----------------------------- ------------------------- Reminder: Report on a separate line for each class securities owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v)

-------------------------------------------------------------------------------- Table II - Derivative Securities Acquired, Disposed of, Beneficially Owned (e.g., puts, calls, warrants, options, convertible security) -------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. Transaction 4. Transaction Derivative or Exercise Date (Month Code Security Price of (Day/Year) (Instr. 8) (Instr.3) Derivative Security Warrants (1) $1.00 212-1020-0099 A ------------------- -------------------- --------------------- -------------- Warrants (1) $1.00 72-2310-9900 A ------------------- -------------------- --------------------- -------------- ------------------- -------------------- --------------------- -------------- ------------------- -------------------- --------------------- -------------- ------------------- -------------------- --------------------- -------------- 5. Number of Derivative 6. Date Exercisable 7. Title & Amount of Securities Acquired & Expiration Date Underlying Securities (A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4) (Instr. 3, 4 & 5) -------------------------------------------------------------------------------- (A) (D) Date Expiration Title Amount or Exercisable Date number of Shares 4113,~~667~~333 ~~2/10/00~~12-20-99 ~~2/10/05~~12-20-04 $.01 Common 4113,~~667~~333 ------------ ------------ ----------- ----------- ----------- ------------ 3313,333 ~~7/23/99~~2-10-00 ~~7/23/04~~2-10-00 $.01 Common 3313,333 ------------ ------------ ----------- ----------- ----------- ------------ ------------ ------------ ----------- ----------- -------- ------------ ------------ ------------ ----------- ----------- -------- ------------ 8. Price of Derviative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial Month (Instr. 4) Dir. (D) or Ind. (I) Ownership (Instr.4) 526,666 D ---------------------- --------------------------------- ----------------------- ----------------------- ~~340,000~~ D ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- ----------------------- ---------------------- --------------------------------- ----------------------- -----------------------

Explination of Responses (1) Issued pursuant to exemption under Rule 16b-3.

**Intentional misstatements or omissions of facts constitute Federal /s/ ~~Richard~~Lee ~~Morgan~~Sanders 78/108/00 Crimminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- ------- **Signature of Reporting Person Date Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collections of information contained in this form are not required to respond unless the form displays a currently valid OMD Number.

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