SEC Form 4 · accession 0001144204-16-138621
Target Group Inc. · CBDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Alexander Starr
Officer — President/Director · Director · 10% Owner
Period of report
Jul 19, 2016
Accepted (ET)
Dec 8, 2016 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001586554
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 19, 2016 | A | 5,000,000 | $0.10 | A | 15,500,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred StockF3,F4,F5 | — | Dec 6, 2016 | A | 500,000 | A | Feb 4, 2017 | — | Common stock | 50,000,000 | 500,000 | D |
Explanation of responses
- F1The common stock was issued in consideration of $50,000 of deferred and unpaid compensation owed by the Issuer to the Reporting Person.
- F22,000,000 shares are held by Chess Supersite Inc. (Canada) of which the Reporting Person is an officer and a director. There was no cash or non-cash consideration involved.
- F3The preferred shares were issued in consideration of $13,250 of deferred and unpaid compensation owed by the Issuer to the Reporting Person.
- F4100 shares of common stock are issuable for each one (1) share of preferred upon conversion.
- F5There is no expiration date for exercise of the conversion rights of the preferred stock.