FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LAHR TODD HAROLD
2. Issuer Name and Ticker or Trading Symbol

BLACKSTAR ENTERPRISE GROUP, INC. [ BEGI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

134 3RD ST
3. Date of Earliest Transaction (MM/DD/YYYY)

6/14/2017
(Street)

NAZARETH, PA 18064
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   6/14/2017     M (1)    3120000   A $0.05   3120000   D    
Common Stock   6/14/2017     M (1)    1920000   A $0.05   1920000   I   As an Officer of THL Holdings, LLC  
Common Stock   6/14/2017     M (1)    960000   A $0.05   2880000   I   As an Officer of THL Holdings, LLC  
Common Stock   6/14/2017     M (2)    1296000   A $0.05   45696000   I   As an Owner of International Hedge Group, Inc.  
Common Stock   6/14/2017     M (2)    1296000   D $0.05   44400000   I   As an Owner of International Hedge Group, Inc.  
Common Stock   9/29/2017     M (3)    16420000   D $0   27980000   I   As an Owner of International Hedge Group, Inc.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   $0.05   6/14/2017     M   (1)       3250000    8/30/2016   8/30/2019   Common Stock   3250000   $0   3250000   D    
Warrants   $0.05   6/14/2017     M   (1)       2000000    8/30/2016   8/30/2019   Common Stock   2000000   $0   2000000   I   As an Officer of THL Holdings, LLC  
Warrants   $0.05   6/14/2017     M   (2)       1350000    8/30/2016   8/30/2019   Common Stock   1350000   $0   1350000   I   As an Owner of International Hedge Group, Inc.  

Explanation of Responses:
(1)  Mr. Lahr individually exercised 3,250,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 3,120,000 shares of common stock, thereby changing his shareholdings reflected in this amendment. THL Holdings, LLC, of which Mr. Lahr is Managing Member, exercised 2,000,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting in 1,920,000 shares of common stock.
(2)  International Hedge Group, Inc. exercised 1,350,000 warrants in a cashless exercise @ $0.05 per share on June 14, 2017, resulting 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.
(3)  On September 29, 2017, International Hedge Group, Inc. retired 16,420,000 shares to treasury.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LAHR TODD HAROLD
134 3RD ST
NAZARETH, PA 18064

X


Signatures
/s/ Todd Lahr 2/15/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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