SEC Form 4 · accession 0001144204-18-006020
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)
Feb 6, 2018 · 4:22 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 | Feb 5, 2018 | A | 1,000,000 | $0.0123 | A | 7,474,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferredd StockF3,F2 | — | Dec 6, 2016 | A | 500,000 | A | Feb 4, 2017 | — | Common stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The shares were issued pursuant to the Issuer's registration statement on Form S-8 effective May 12, 2017 in lieu of cash compensation for serving as an officer and director of the Issuer. 2,000 shares are held by Chess Supersite Inc. (Canada), of which the Reporting Person is an officer and a director.
- F2There is no expiration date for the exercise of the conversion rights of the preferred stock.
- F3The preferred shares were issued in consideration of $13,250 of deferred and unpaid compensation owed by the Issuer to the Reporting Person.