SEC Form 4 · accession 0001520138-16-001041

Staffing Group, Ltd. · TSGL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Apr 1, 2016

Accepted (ET)

Jul 6, 2016 · 6:35 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001561622

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Apr 1, 2016	J	600,000	—	A	675,123	D
Common Stock	Apr 15, 2016	P	100	$1.60	A	675,223	D
Common Stock	May 12, 2016	P	722	$1.80	A	675,945	D
Common Stock	May 20, 2016	P	500	$2.30	A	676,445	D
Common Stock	May 23, 2016	P	500	$2.35	A	676,945	D
Common Stock	May 24, 2016	P	500	$1.75	A	677,445	D
Common Stock	Jun 3, 2016	P	300	$2.50	A	677,745	D
Common Stock	Jun 7, 2016	P	300	$2.50	A	678,045	D
Common Stock	Jun 21, 2016	P	350	$2.61	A	678,395	D
Common Stock	Jun 22, 2016	P	250	$2.61	A	678,645	D
Common Stock	Jun 22, 2016	P	1,000	$2.50	A	679,645	D
Common Stock	Jun 22, 2016	P	1,000	$2.36	A	680,645	D
Common Stock	Jun 23, 2016	P	935	$2.30	A	681,580	D
Common Stock	Jun 24, 2016	P	65	$2.29	A	681,645	D
Common Stock	Jun 29, 2016	P	1,000	$1.30	A	682,645	D
Common Stock	Jun 30, 2016	P	400	$1.10	A	683,045	D
Common Stock	Jun 30, 2016	P	600	$1.06	A	683,645	D
Common Stock	Jun 30, 2016	P	1,000	$1.05	A	684,645	D
Common Stock	Jul 1, 2016	P	2,587	$1.00	A	687,232	D
Series A Preferred^F1	Apr 1, 2016	J	1	—	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Promissory Note^F2,F3,F4	$0.75	holding	—	—	—	Dec 18, 2015	—	Common Stock	106,667	106,667	D

F1On April 1, 2016, Labor Smart sold the operating assets of four of its branch operations to the Issuer for cash, a promissory note and 600,000 shares of restricted common stock. In conjunction with the sale, Labor Smart sold its Series A Preferred Stock to the Chief Executive Officer of the Issuer.
F2The convertible promissory note may be converted into shares of the issuer's common stock at a 25% discount to the lowest trading price of the issuer's common stock during the thirty (30) days immediately prior to the conversion.
F3No Expiration
F4Number of shares that could be converted under the convertible promissory note as of July 6, 2016.