PORCELAIN MICHAEL 4

4 · AIR INDUSTRIES GROUP · Filed May 25, 2023

Form 4

Period: 2023-05-23

Director

Transactions

Disposition to Issuer
Stock Options
2023-05-23−1,000→ 1,000 total
Exercise: $13.20From: 2021-12-31Exp: 2027-12-31→ Common Stock (1,000 underlying)
Disposition to Issuer
Stock Options
2023-05-23−1,000→ 1,000 total
Exercise: $12.80From: 2019-12-31Exp: 2025-12-31→ Common Stock (1,000 underlying)
Other
Common Stock
2023-05-23$3.54/sh+3,647$12,910→ 27,730 total
Disposition to Issuer
Stock Options
2023-05-23−1,000→ 1,000 total
Exercise: $8.40From: 2022-12-31Exp: 2027-04-30→ Common Stock (1,000 underlying)
Disposition to Issuer
Stock Options
2023-05-23−1,300→ 1,300 total
Exercise: $15.90From: 2018-12-31Exp: 2023-05-31→ Common Stock (1,300 underlying)
Award
Stock Options
2023-05-23+2,160→ 2,160 total
Exercise: $3.43From: 2023-05-23Exp: 2028-06-30→ Common Stock (2,160 underlying)
Disposition to Issuer
Stock Options
2023-05-23−100→ 100 total
Exercise: $12.50From: 2021-12-31Exp: 2026-07-31→ Common Stock (100 underlying)
Disposition to Issuer
Stock Options
2023-05-23−1,000→ 1,000 total
Exercise: $23.80From: 2020-12-31Exp: 2026-12-31→ Common Stock (1,000 underlying)

Footnotes (2)

[F1]Shares received in lieu of cash payment of director's fee.
[F2]The reporting person and the issuer agreed to a stock option exchange whereby the reporting person exchanged all of his outstanding vested and unvested stock options for an immediately vested stock option to purchase a lesser number of shares than the aggregate number of shares subject to his outstanding stock options, with a modified exercise price and exercise period.

Documents

1 file