E. Joseph Kurczodyna - Dec 31, 2021 Form 5 Insider Report for BLACKSTAR ENTERPRISE GROUP, INC. (BEGI)

Role
CFO, Director, 10%+ Owner
Signature
/s/ Joseph Kurczodyna
Stock symbol
BEGI
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
7/1/2022, 12:08 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BEGI Common Stock Other +963K +8.54% 12.2M Jun 22, 2018 As an Officer and Director of International Hedge Group, Inc. F2
transaction BEGI Common Stock Other -10K -0.21% 4.79M Jan 25, 2019 As an Officer and Director of International Hedge Group, Inc. F3
transaction BEGI Common Stock Other -150K -3.03% 4.79M May 28, 2019 As an Officer and Director of International Hedge Group, Inc. F3
transaction BEGI Common Stock Other -140K -2.84% 4.79M Jun 26, 2019 As an Officer and Director of International Hedge Group, Inc. F3
transaction BEGI Common Stock Other -7.15M -59.87% 4.79M Dec 17, 2019 As an Officer and Director of International Hedge Group, Inc. F3, F4
holding BEGI Common Stock 2.88M Dec 31, 2021 Direct
holding BEGI Common Stock 1.44M Dec 31, 2021 As an Officer of Patriot Mtg. Acceptance Corp. F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BEGI Class A Convertible Preferred Stock 1M Dec 31, 2021 Common Stock 100M As an Officer and Director of International Hedge Group, Inc. F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Joseph E. Kurczodyna is an officer of Patriot Mtg. Acceptance Corp. and a beneficial owner. Mr. Kurczodyna beneficially owns 1,442,222 through Patriot Mtg. Acceptance Corp.
F2 As part of the cancellation of the previously reported retirement of 16,370,370 shares to treasury by International Hedge Group, Inc. occurring on June 18, 2018, 962,963 shares were issued back to IHG, Inc. (should have been issued to International Hedge Group, Inc.) creating a separate certificate on June 22, 2018. Thus, the total holdings of International Hedge Group, Inc. (including certificates listed as IHG, Inc.) should have been 12,242,593 as of December 31, 2018.
F3 On January 25, 2019, International Hedge Group, Inc. retired 10,000 shares to treasury simultaneously to the issuance of 10,000 shares issued for services. On May 28, 2019, International Hedge Group, Inc. (certificate listed as IHG, Inc.) retired 150,000 shares to treasury simultaneously to the issuance of 150,000 shares issued to loan holders. On June 26, 2019, International Hedge Group, Inc. retired 139,831 shares (certificate listed as IHG, Inc.) to treasury simultaneously to the issuance of 139,831 shares issued under the Power Up Lending convertible promissory note. On December 17, 2019, International Hedge Group, Inc. retired 150,000 shares to treasury simultaneously to the issuance of 150,000 shares issued to loan holders and retired an additional 7,000,000 shares to treasury as part of management's anti-dilutive strategy. The total shares beneficially owned by International Hedge Group, Inc. (including IHG, Inc. certificates) as of December 31, 2019, 2020 and 2021 was 4,792,702
F4 Joseph E. Kurczodyna is an officer and director of International Hedge Group, Inc. ("IHG"). Mr. Kurczodyna's total beneficial ownership including Patriot Mtg. Acceptance Corp. and IHG is 9,119,369 (3.2%). Mr. Kurczodyna is the controlling shareholder of IHG through his sole ownership of preferred voting stock of IHG. Also see Note 5 regarding Mr. Kurczodyna's control of the Company as a result of his IHG holdings.
F5 The Class A Preferred Convertible Stock can be converted at any time at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company. These shares do not have an expiration date. John Noble Harris, the Issuer's CEO and Director and Joseph E. Kurczodyna, the Issuer's CFO and Director, are Officers, Directors and Owners of International Hedge Group, Inc. Mr. Kurczodyna is the controlling shareholder of IHG through his sole ownership of preferred voting stock of IHG. Mr. Kurczodyna, through IHG, controls voting of the BlackStar Class A Super Majority Voting Preferred Stock which votes 60% of the common at all times and has the right to convert all of the Class A Super Majority Voting Preferred Stock (1,000,000 shares) into 100,000,000 shares of common stock of the Company. No conversion of preferred shares is planned at this time.