Sec Form 4 Filing - YAKOV RONNY @ OLB GROUP, INC. - 2018-05-09

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
YAKOV RONNY
2. Issuer Name and Ticker or Trading Symbol
OLB GROUP, INC. [ OLB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and Chairman of the Board
(Last) (First) (Middle)
C/O THE OLB GROUP, INC., 200 PARK AVENUE, SUITE 1700
3. Date of Earliest Transaction (MM/DD/YY)
05/09/2018
(Street)
NEW YORK, NY10016
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 05/09/2018 A( 1 ) 2,275,000 A 2,307,036 D
Common Stock 08/21/2018 A( 2 ) 117,663 A 2,424,699 D
Common Stock 06/20/2019 A( 3 ) 1,430,000 A 3,854,699 D
Common Stock 06/20/2019 G 8,334 D $ 0 3,846,365 D
Common Stock 06/20/2019 G 16,667 D $ 0 3,829,698 D
Common Stock 06/20/2019 G 41,667 D $ 0 3,788,031 D
Common Stock 06/20/2019 G 16,667 D $ 0 3,771,364 D
Common Stock 06/20/2019 G 133,334 D $ 0 3,638,030 D
Common Stock 06/20/2019 G 133,334 D $ 0 3,504,696 D
Common Stock 06/20/2019 G 26,667 D $ 0 3,478,029 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Stock Option $ 0.03 01/01/2019 A( 4 ) 6,667 ( 4 ) ( 4 ) Common Stock 6,667 $ 0 6,667 D
Stock Option $ 0.03 01/01/2020 A( 4 ) 6,667 ( 4 ) ( 4 ) Common Stock 6,667 $ 0 6,667 D
Series A Convertible Preferred Stock $ 9 08/11/2020 A( 5 ) 1,022 ( 6 ) ( 6 ) Common Stock 113,501 ( 5 ) 1,022 D
Series A Warrants $ 9 08/11/2020 A( 5 ) 227,003 08/11/2020 08/11/2025 Common Stock 227,003 ( 5 ) 227,003 D
Series B Warrants $ 4.5 08/11/2020 A( 5 ) 56,751 08/11/2020 08/11/2025 Common Stock 56,751 ( 5 ) 56,751 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
YAKOV RONNY
C/O THE OLB GROUP, INC.
200 PARK AVENUE, SUITE 1700
NEW YORK, NY10016
X CEO and Chairman of the Board
Signatures
/s/ Ronny Yakov 01/15/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person acquired the shares in connection with the registrant's entry into separate share exchange agreements with Crowdpay.US, Inc. and OMNISOFT, Inc. for which the reporting person was a shareholder.
( 2 )The shares were acquired upon conversion of certain accrued but unpaid compensation.
( 3 )The reporting person acq uired the shares in connection with the registrant's entry into separate share exchange agreements with Crowdpay.US, Inc. and OMNISOFT, Inc. for which the reporting person was a shareholder.
( 4 )The options were granted pursuant to the terms of the reporting person's employment agreement. The options vest and become exercisable in three (3) equal annual installments beginning on the one year anniversary of the grant date and expire as to each vested installment three (3) years after such installment became exercisable.
( 5 )The reporting person agreed to convert an aggregate of $1,021,512 in indebtedness owed to him by the registrant into shares of Series A Convertible Preferred Stock, Series A Warrants and Series B Warrants.
( 6 )The Series A Preferred Stock are convertible, at the option of the reporting person, on or after the date on which the registrant's currently outstanding long-term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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