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 *

KURCZODYNA JOSEPH E 		2. Issuer Name and Ticker or Trading Symbol

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

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

1711 WALES DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

6/14/2017
(Street)

BERTHOUD, CO 80513
(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)    1440000   A $0.05   1440000   D    
Common Stock   6/14/2017     M (1)    720000   A $0.05   720000   I   As an Officer of Patriot Mtg. Acceptance Corp.  
Common Stock   6/14/2017     M (2)    1296000   A $0.05   45696000   I   As an Officer and Director of International Hedge Group, Inc.  
Common Stock   6/14/2017     M (2)    1296000   D $0.05   44400000   I   As an Officer and Director of International Hedge Group, Inc.  
Common Stock   9/29/2017     M (3)    16420000   D $0   27980000   I   As an Officer and Director 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)       1500000    8/30/2016   8/30/2019   Common Stock   1500000   $0.05   1500000   D    
Warrants   $0.05   6/14/2017     M   (1)       750000    8/30/2016   8/30/2019   Common Stock   750000   $0.05   750000   I   As an Officer of Patriot Mtg. Acceptance Corp.  
Warrants   $0.05   6/14/2017     M   (2)       1350000    8/30/2016   8/30/2019   Common Stock   1350000   $0.05   1350000   I   As an Officer and Director of International Hedge Group, Inc.  

Explanation of Responses:
(1)  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.
(2)  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.
(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
KURCZODYNA JOSEPH E
1711 WALES DRIVE
BERTHOUD, CO 80513 		X X CEO, President

Signatures
/s/ Joseph E. Kurczodyna 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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