SEC Form 4 · accession 0001144204-17-047191
Target Group Inc. · CBDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander Starr
Officer — President/Director · Director · 10% Owner
Period of report
Dec 6, 2016
Accepted (ET)
Sep 8, 2017 · 12:06 pm EDT
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 | Sep 7, 2017 | A | 1,400,000,000 | $0.0001 | A | 1,474,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred StockF4,F2,F3 | — | Dec 6, 2016 | A | 500,000 | A | Feb 4, 2017 | — | Common stock | 50,000,000 | 500,000 | D |
Explanation of responses
- F1The shares were issued lieu of cash payment of $140,000 of compensation owed to the Reporting Person. 2,000,000 shares are held by Chess Supersite Inc. (Canada), of which the Reporting Person is an officer and a director.
- F2100 shares of common stock are issuable for each one (1) share of preferred upon conversion.
- F3There is no expiration date for the exercise of the conversion rights of the preferred stock.
- F4The preferred shares were issued in consideration of $13,250 of deferred and unpaid compensation owed by the Issuer to the Reporting Person.