KURCZODYNA JOSEPH E 4
4 · BLACKSTAR ENTERPRISE GROUP, INC. · Filed Feb 16, 2018
Insider Transaction Report
Form 4
KURCZODYNA JOSEPH E
DirectorCFO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2017-09-29−16,420,000→ 27,980,000 total(indirect: As an Officer and Director of International Hedge Group, Inc.) - Exercise/Conversion
Warrants
2017-06-14$0.05/sh−1,500,000$75,000→ 1,500,000 totalExercise: $0.05From: 2016-08-30Exp: 2019-08-30→ Common Stock (1,500,000 underlying) - Exercise/Conversion
Common Stock
2017-06-14$0.05/sh+1,440,000$72,000→ 1,440,000 total - Exercise/Conversion
Common Stock
2017-06-14$0.05/sh+1,296,000$64,800→ 45,696,000 total(indirect: As an Officer and Director of International Hedge Group, Inc.) - Exercise/Conversion
Common Stock
2017-06-14$0.05/sh−1,296,000$64,800→ 44,400,000 total(indirect: As an Officer and Director of International Hedge Group, Inc.) - Exercise/Conversion
Common Stock
2017-06-14$0.05/sh+720,000$36,000→ 720,000 total(indirect: As an Officer of Patriot Mtg. Acceptance Corp.) - Exercise/Conversion
Warrants
2017-06-14$0.05/sh−750,000$37,500→ 750,000 total(indirect: As an Officer of Patriot Mtg. Acceptance Corp.)Exercise: $0.05From: 2016-08-30Exp: 2019-08-30→ Common Stock (750,000 underlying) - Exercise/Conversion
Warrants
2017-06-14$0.05/sh−1,350,000$67,500→ 1,350,000 total(indirect: As an Officer and Director of International Hedge Group, Inc.)Exercise: $0.05From: 2016-08-30Exp: 2019-08-30→ Common Stock (1,350,000 underlying)
Footnotes (3)
- [F1]Mr. Kurczodyna exercised 1,500,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 1,440,000 shares of common stock, thereby changing their shareholdings reflected in this amendment. In addition, Patriot Mortgage Acceptance Corp., of which Mr. Kurczodyna is an officer, exercised 750,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 720,000 shares of common stock.
- [F2]The cashless exercise of 1,350,000 warrants by International Hedge Group, Inc. resulted in 1,296,000 shares of common stock, which were assigned in part to THL Holdings, LLC (960,000), with the remainder being assigned to three other non-affiliate shareholders.
- [F3]On September 29, 2017, International Hedge Group, Inc. retired 16,420,000 shares to treasury.