| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HARTVILLE GROUP INC [ (HTVL.OB) ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/01/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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, $.001 par value | 10/01/2007 | C | 25,316,456 | A | $0.1 | 42,747,323 | D(1) | |||
| Common Stock, $.001 par value | 10/01/2007 | C | 8,438,819 | A | $0.15 | 51,186,142 | D(1) | |||
| Common Stock, $.001 par value | 10/01/2007 | C | 8,438,819 | A | $0.15 | 59,624,961 | D(1) | |||
| Common Stock, $.001 par value | 10/01/2007 | C | 8,438,819 | A | $0.15 | 68,063,780 | D(1) | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Convertible Debenture | $0.1 | 10/01/2007 | C | $2,531,646 | 07/31/2006 | 07/31/2009 | Common Stock, $.001 par value | 25,316,456 | $0.1 | 0 | D(1) | ||||
| Convertible Debenture | $0.15 | 10/01/2007 | C | $1,265,823 | 02/14/2007 | 02/14/2010 | Common Stock, $.001 par value | 8,438,819 | $0.15 | 0 | D(1) | ||||
| Convertible Debenture | $0.15 | 10/01/2007 | C | $1,265,823 | 05/08/2007 | 05/08/2010 | Common Stock, $.001 par value | 8,438,819 | $0.15 | 0 | D(1) | ||||
| Convertible Debenture | $0.15 | 10/01/2007 | C | $1,265,823 | 09/17/2007 | 09/17/2010 | Common Stock, $.001 par value | 8,438,819 | $0.15 | 0 | D(1) | ||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. This Form 4 is filed jointly by Richard Berner, Edgar Berner, Thomas Berner, John Lang, Inc. ("John Lang") and Islandia, L.P. ("Islandia"). The securities reported in this Form 4 are owned directly by Islandia and beneficially owned by John Lang by virtue of its being the general partner of Islandia, by Richard Berner by virtue of his position as the President of John Lang and by each of Edgar Berner and Thomas Berner by virtue of their positions as Vice Presidents of John Lang. Each of John Lang, Richard Berner, Edgar Berner and Thomas Berner disclaims beneficial ownership of the securities owned by Islandia except to the extent of their pecuniary interest therein. |
| Remarks: |
| By: John Lang, Inc., its General Partner; By: /s/ Edgar R. Berner, Vice President | 10/03/2007 | |
| By: By: /s/ Edgar Berner, as Attorney in Fact for Richard Berner | 10/03/2007 | |
| By: /s/ Edgar Berner, Vice President | 10/03/2007 | |
| By: By: /s/ Edgar Berner, as Attorney in Fact for Thomas Berner | 10/03/2007 | |
| /s/ Berner, Edgar | 10/03/2007 | |
| ** 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 Number. | ||