SEC Form 4/A · accession 0001065949-18-000137
BLACKSTAR ENTERPRISE GROUP, INC. · BEGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
INTERNATIONAL HEDGE GROUP, INC.
10% Owner
Period of report
Apr 29, 2018
Accepted (ET)
Oct 1, 2018 · 9:23 am EDT
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 | Sep 27, 2017 | J | 16,420,000 | $0.00 | D | 27,980,000 | D | |
| Common Stock | Apr 29, 2018 | J | 330,000 | $0.00 | D | 27,650,000 | D | |
| Common Stock | Jun 14, 2018 | M | 1,300,000 | $0.05 | A | 28,950,000 | D | |
| Common Stock | Jun 14, 2018 | J | 1,300,000 | $0.00 | D | 27,650,000 | D | |
| Common Stock | Jun 18, 2018 | J | 16,370,370 | $0.00 | D | 11,279,630 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.05 | Jun 14, 2018 | M | 1,350,000 | D | Aug 30, 2016 | Aug 30, 2019 | Common Stock | 1,350,000 | 0 | D |
Explanation of responses
- F1The warrants were initially acquired along with 44,400,000 shares of common stock and 1,000,000 shares of Class A Preferred Stock when IHG contracted to acquire BlackStar Enterprise Group, Inc. ("Company") in January 2016 for a capital infusion of $200,000 into the Company.
- F2The cashless exercise of 1,350,000 warrants on June 14, 2018 resulted in 1,300,000 shares of common stock, which were assigned to non-affiliated individual advisors to the Company. On June 18, 2018, International Hedge Group, Inc. retired 16,370,370 shares to treasury.
- F3On April 29, 2018, International Hedge Group, Inc. retired 330,000 shares to treasury simultaneous to the issuance of 330,000 shares purchased in a private placement offering.
- F4The Transaction Date appearing in the first row of Table I was previously misreported as September 29, 2017 and is being corrected to September 27, 2017 to reflect the date of the resolution of the Board of Directors. The Transaction Code has also been updated to "J" to more accurately reflect that the shares were retired to treasury by International Hedge Group, Inc. as an anti-dilutive measure.