SEC Form 4 · accession 0001144204-19-010939
Target Group Inc. · CBDY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sasha Starr
Officer — President/Director · Director
Period of report
Dec 16, 2016
Accepted (ET)
Feb 28, 2019 · 11:17 am 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 | Mar 7, 2018 | A | 1,764,706 | $0.017 | A | 8,238,706 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred StockF5,F2,F3 | — | Feb 22, 2019 | D | 500,000 | D | Feb 4, 2017 | — | Common stock | 0 | 0 | D |
| Preferred StockF4,F2,F3 | — | Dec 16, 2016 | A | 500,000 | A | Feb 4, 2017 | — | Common stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The shares were issued pursuant to Reporting Person's employment agreement in lieu of cash compensation.
- F2One (1) share of common stock is 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.
- F5The preferred shares were sold by the Reporting Person in a private transaction to a single purchaser in consideration of a cash payment of CND 250,000.00 (US$190,000.00).