Statement of Changes in Beneficial Ownership (4)
February 15 2022 - 6:30PM
Edgar (US Regulatory)
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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3235-0287
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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
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1. Name and Address of Reporting Person
*
Herzog John E |
2. Issuer Name and Ticker or Trading Symbol
OLB GROUP, INC.
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OLB
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O HERZOG & CO., LLC, 824 HARBOR ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/11/2022 |
(Street)
SOUTHPORT,, CT 06890
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/11/2022 | | S | | 42353 | D | $1.9686 | 2145658 | D | |
Common Stock | 2/14/2022 | | S | | 7647 | D | $1.9102 | 2138011 | D | |
Common Stock | | | | | | | | 28524 | I | By John E. Herzog Revocable Trust u/a 02/07/2014 (1) |
Common Stock | | | | | | | | 2700 | I | Held in an Individual Retirement Account |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Series A Convertible Preferred Stock | $9 | | | | | | | (2) | (2) | Common Stock | 401333 (2) | | 3612 | D | |
Series A Warrants | $9 | | | | | | | 8/11/2020 | 8/11/2025 | Common Stock | 802875 | | 802875 | D | |
Series B Warrants | $4.5 | | | | | | | 8/11/2020 | 8/11/2025 | Common Stock | 200719 | | 200719 | D | |
Explanation of Responses: |
(1) | These shares are held by John E Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as a trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014. |
(2) | The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's long term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Herzog John E C/O HERZOG & CO., LLC, 824 HARBOR ROAD SOUTHPORT,, CT 06890 |
| X |
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Signatures
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/s/ John E. Herzog | | 2/15/2022 |
**Signature of Reporting Person | Date |
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