Edgar Filing: AIR INDUSTRIES GROUP, INC.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â TAGLICH ROBERT

2. Date of Event Requiring Statement (Month/Day/Year)
10/03/2008

3. Issuer Name and Ticker or Trading Symbol
AIR INDUSTRIES GROUP, INC. [OTCBB:AIRI]

(Last)

(First)

(Middle)

700 NEW YORK AVENUE, SUITE B

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

HUNTINGTON,Â NYÂ 11743

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	16,667	D ⁽¹⁾	Â
Common Stock	200,000	I ⁽²⁾	See Note ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series B Preferred Stock	Â ⁽³⁾	Â ⁽³⁾	Common Stock	5,527	$ ⁽³⁾	D ⁽³⁾	Â
Series B Preferred Stock	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	5,546	$ ⁽⁴⁾	I ⁽⁴⁾	See Note ⁽⁴⁾
Series B Preferred Stock	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	24,000	$ ⁽⁵⁾	D ⁽⁵⁾	Â
Placement Agent Warrants	04/13/2007	04/12/2012	Common Stock	693,674	$ 0.305	D ⁽⁶⁾	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TAGLICH ROBERT 700 NEW YORK AVENUE, SUITE B HUNTINGTON,Â NYÂ 11743	Â X	Â	Â	Â

Signatures

/s/ Robert F. Taglich		10/14/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Acquired by Reporting Person in connection with purchase by Taglich Brothers, Inc. of Issuer's subordinated note in June 2008. Reporting Person is Managing Director of Taglich Brothers, Inc.
(2)	Received by Taglich Brothers, Inc. for acting as placement agent for Issuer's offering of junior subordinated notes in September and October 2008.
(3)	Acquired by Reporting Person during Issuer's April 2007 offering of Series B convertible preferred stock. Convertible to 200,908 shares of Issuer's Common Stock.
(4)	Owned by Tag/Kent Partners, of which Reporting Person is a General Partner.
(5)	Reporting Person's portion of such shares received by Taglich Brothers, Inc. for acting as placement agent for Issuer's offering of junior subordinated notes in September and October 2008. Convertible to 872,400 Shares of Issuer's Common Stock.
(6)	Reporting Person's portion of a total 2,900,574 Placement Agent Warrants received by Taglich Brothers, Inc., which acted as placement agent of Issuer's series B convertible preferred stock in April and May of 2007.

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