The OLB Group, Inc. (OLB) Form 4 OLB / RONNY YAKOV ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

YAKOV RONNY

(Last) (First) (Middle)

C/O THE OLB GROUP, INC.

200 PARK AVENUE, SUITE 1700

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	(1)	2,307,036	D
Common Stock	08/21/2018		A(2)		117,663	A	(2)	2,424,699	D
Common Stock	06/20/2019		A(3)		1,430,000	A	(3)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: 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

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 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.

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.

	/s/ Ronny Yakov	01/15/2021
	** 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).
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