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Filing Details

Accession Number:: 0001213900-19-008985
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-05-16 14:58:54
Reporting Period:: 2013-02-28

Accepted Time:: 2019-05-16 14:58:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1314196	Olb Group Inc.	OLBG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1291393	E John Herzog	824 Harbor Road Southport CT 06890		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-02-28	166,666	$0.15	1,166,666	No	4	P	Direct
Common Stock	Acquisiton	2013-04-14	166,666	$0.15	1,333,332	No	4	P	Direct
Common Stock	Acquisiton	2015-12-31	1,330,125	$0.00	2,663,457	No	4	J	Direct
Common Stock	Acquisiton	2017-11-20	2,516,050	$0.00	5,179,507	No	4	J	Direct
Common Stock	Acquisiton	2018-05-09	12,100,000	$0.00	17,279,507	No	4	J	Direct
Common Stock	Acquisiton	2018-05-09	19,250,000	$0.00	36,529,507	No	4	J	Direct
Common Stock	Disposition	2018-06-21	66	$0.50	36,529,441	No	4	S	Direct
Common Stock	Disposition	2018-06-21	500	$0.50	36,528,941	No	4	S	Direct
Common Stock	Disposition	2018-06-21	2,000	$0.45	36,526,941	No	4	S	Direct
Common Stock	Disposition	2018-06-27	2,000	$0.51	36,524,941	No	4	S	Direct
Common Stock	Disposition	2018-06-27	2,000	$0.51	36,522,941	No	4	S	Direct
Common Stock	Disposition	2018-06-27	2,000	$0.51	36,520,941	No	4	S	Direct
Common Stock	Disposition	2018-06-27	2,000	$0.51	36,518,941	No	4	S	Direct
Common Stock	Disposition	2018-06-28	2,000	$0.52	36,516,941	No	4	S	Direct
Common Stock	Disposition	2018-07-06	750	$0.50	36,516,191	No	4	S	Direct
Common Stock	Disposition	2018-07-06	20,000	$0.00	36,496,191	No	4	G	Direct
Common Stock	Disposition	2018-07-13	6,000	$0.52	36,490,191	No	4	S	Direct
Common Stock	Disposition	2018-07-13	250	$0.50	36,489,941	No	4	S	Direct
Common Stock	Disposition	2018-07-13	3,750	$0.50	36,486,191	No	4	S	Direct
Common Stock	Disposition	2018-07-13	1,250	$0.50	36,484,941	No	4	S	Direct
Common Stock	Disposition	2018-07-16	1,846	$0.49	36,483,095	No	4	S	Direct
Common Stock	Disposition	2018-07-16	1,000	$0.49	36,482,095	No	4	S	Direct
Common Stock	Disposition	2018-07-16	2,000	$0.49	36,480,095	No	4	S	Direct
Common Stock	Disposition	2018-07-16	2,000	$0.49	36,478,095	No	4	S	Direct
Common Stock	Disposition	2018-07-16	10,000	$0.49	36,468,095	No	4	S	Direct
Common Stock	Disposition	2018-07-17	150	$0.50	36,467,945	No	4	S	Direct
Common Stock	Disposition	2018-07-20	2,660	$0.48	36,465,285	No	4	S	Direct
Common Stock	Disposition	2018-07-23	2,000	$0.48	36,463,285	No	4	S	Direct
Common Stock	Disposition	2018-07-24	3,000	$0.00	36,460,285	No	4	G	Direct
Common Stock	Disposition	2018-07-31	1,000	$0.00	36,459,285	No	4	G	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	J	Direct
No	4	J	Direct
No	4	J	Direct
No	4	J	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	G	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	G	Direct
No	4	G	Direct

Footnotes

During the year ended December 31, 2015, the Reporting Person loaned $203,000 to the Issuer (the "2015 Loans"), which loans accrued interest at 10% per annum and were payable within one year. On December 31, 2015, 1,330,125 shares of Common Stock were issued by the Issuer to the Reporting Person in exchange for the conversion of $212,820 of principal and accrued interest owed to him in respect of the 2015 Loans. The 2015 Loans and conversion thereof are described in the Issuer's 2015 10-K.
During the three months ended March 31, 2017, the Reporting Person loaned an additional $15,500 to the Issuer (the "First 2017 Loan"), and on or about May 24, 2017, the Reporting Person loaned an additional $38,000 to the Issuer (the "Second 2017 Loan and, together with the First 2017 Loan, the "2017 Loans"). The making of the First 2017 Loan and the Second 2017 Loan were described in those certain Quarterly Reports on Form 10-Q filed by the Issuer with the SEC on May 12, 2018, and August 10, 2018, respectively. On November 20, 2017, 2,516,050 shares of Common Stock were issued by the Issuer to the Reporting Person in exchange for the conversion of $251,605 of principal and accrued interest in respect of the 2016 Loan and the 2017 Loans. The conversion of the 2016 Loan and the 2017 Loans was disclosed in that certain Annual Report on Form 10-K filed by the Issuer with the SEC on April 13, 2018.
On May 9, 2018, the Issuer entered into a share exchange agreement with the shareholders of Omnisoft, Inc., a Delaware corporation ("Omnisoft"; such share exchange agreement, the "Omnisoft Share Exchange Agreement"), and a share exchange agreement with the shareholders of CrowdPay.us, Inc., a New York corporation ("CrowdPay"; such share exchange agreement, the "CrowdPay Share Exchange Agreement" and, together with the Omnisoft Share Exchange Agreement, the "Share Exchange Agreements"). As a result of the transactions contemplated by the Share Exchange Agreements, each of CrowdPay and Omnisoft became wholly-owned subsidiaries of the Issuer.
The Reporting Person was a shareholder in both Omnisoft and Crowdpay and was a party to each Share Exchange Agreement. Pursuant to the terms of the Omnisoft Share Exchange Agreement, the Reporting Person was issued 12,100,000 shares of Common Stock in exchange for all of the issued and outstanding shares of Omnisoft common stock held by the Reporting Person. Pursuant to the terms of the CrowdPay Share Exchange Agreement, the Reporting Person was issued 19,250,000 shares of Common Stock in exchange for all of the issued and outstanding shares of CrowdPay common stock held by the Reporting Person. The Share Exchange Agreements and the transactions contemplated thereby are disclosed in that certain Current Report on Form 8-K filed by the Issuer with the SEC on May 15, 2018.