SEC Form 4 · accession 0001065949-18-000033
BLACKSTAR ENTERPRISE GROUP, INC. · BEGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John N Harris
Officer — CEO, President · Director · 10% Owner
Period of report
Jun 14, 2017
Accepted (ET)
Feb 16, 2018 · 12:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001483646
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 14, 2017 | J | 1,440,000 | $0.05 | A | 1,440,000 | D | |
| Common Stock | Jun 14, 2017 | J | 720,000 | $0.05 | A | 720,000 | I | As an Officer of Rare Green, Inc. |
| Common Stock | Jun 14, 2017 | J | 1,296,000 | $0.05 | A | 45,696,000 | I | As an Officer and Director of International Hedge Group, Inc. |
| Common Stock | Jun 14, 2017 | J | 1,296,000 | $0.05 | D | 44,400,000 | I | As an Officer and Director of International Hedge Group, Inc. |
| Common Stock | Sep 29, 2017 | J | 16,420,000 | $0.00 | D | 27,980,000 | I | As an Officer and Director of International Hedge Group, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants | $0.05 | Jun 14, 2017 | J | 1,500,000 | D | Aug 30, 2016 | Aug 30, 2019 | Common Stock | 1,500,000 | 1,500,000 | D |
| Warrants | $0.05 | Jun 14, 2017 | J | 750,000 | D | Aug 30, 2016 | Aug 30, 2019 | Common Stock | 750,000 | 750,000 | I |
| Warrants | $0.05 | Jun 14, 2017 | J | 1,350,000 | D | Aug 30, 2016 | Aug 30, 2019 | Common Stock | 1,350,000 | 1,350,000 | I |
Explanation of responses
- F1Mr. Harris exercised 1,500,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 1,440,000 shares of common stock, thereby changing their shareholdings reflected in this amendment. In addition, Rare Green, Inc., of which Mr. Harris is an officer, exercised 750,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 720,000 shares of common stock.
- F2The cashless exercise of 1,350,000 warrants by International Hedge Group, Inc. resulted in 1,296,000 shares of common stock, which were assigned in part to THL Holdings, LLC (960,000), with the remainder being assigned to three other non-affiliate shareholders.
- F3On September 29, 2017, International Hedge Group, Inc. retired 16,420,000 shares to treasury.