Bulova Technologies Group, Inc. - 5 filing on 2017-03-31

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Shapiro Gary L

(Last)

(First)

(Middle)

2R JUDITH'S FANCY

(Street)

CHRISTIANSTED

00824

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Bulova Technologies Group, Inc. [ BTGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President of Subsidiary

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
09/30/2016

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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
preferred stock	02/25/2013		P4	800,000,000	A	$0.0001	800,000,000	I	See footnote⁽¹⁾
common stock	04/25/2014		P4	3,000,000	A	$0.0119	3,000,000	I	See footnote⁽²⁾
common stock	04/25/2014		P4	3,000,000	A	$0.0119	3,000,000	I	See footnote⁽³⁾
common stock	09/06/2016		P4	550,000	A	$0.004	550,000	I	See Footnote⁽¹¹⁾
common stock	09/07/2016		P4	400,000	A	$0.0037	400,000	I	See Footnote⁽¹¹⁾

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)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants	$0.02	09/01/2013		4P	3,166,667		⁽⁴⁾	08/31/2023	common stock	3,166,667	⁽⁵⁾	3,166,667	D
Warrants	$0.02	09/01/2013		4P	3,166,667		⁽⁴⁾	08/31/2023	common stock	3,166,667	⁽⁵⁾	3,166,667	I	See footnote⁽⁶⁾
Warrants	$0.02	10/03/2014		4P	1,980,851		⁽⁴⁾	02/27/2023	common stock	1,980,851	⁽⁷⁾	1,980,851	I	See footnote⁽⁸⁾
Warrants	$0.02	10/03/2014		4P	1,980,851		⁽⁴⁾	02/27/2023	common stock	1,980,851	⁽⁷⁾	1,980,851	I	See footnote⁽⁹⁾
Warrants	$0.02	09/03/2014		4P	5,000,000		⁽⁴⁾	09/02/2024	common stock	5,000,000	⁽¹⁰⁾	5,000,000	I	See footnote⁽⁸⁾
Warrants	$0.02	09/03/2014		4P	5,000,000		⁽⁴⁾	09/02/2024	common stock	5,000,000	⁽¹⁰⁾	5,000,000	I	See footnote.⁽⁹⁾
Warrants	$0.02	08/29/2014		4P	10,000,000		⁽⁴⁾	08/28/2024	common stock	10,000,000	⁽¹⁰⁾	10,000,000	I	See footnote⁽⁸⁾
Warrants	$0.02	08/29/2014		4P	10,000,000		⁽⁴⁾	08/28/2024	common stock	10,000,000	⁽¹⁰⁾	10,000,000	I	See footnote⁽⁹⁾

Explanation of Responses:

1. Owned through Fieldstone Affiliates LLC.

2. Indirect ownership through NuView IRA, Inc. FBO Gary Shapiro IRA.

3. Indirect ownership through IRA for benefit of wife.

4. Present

5. Warrants were issued in connection with a loan made to the issuer. No separate valuation of the warrants was made.

6. Owned indirectly through wife's ownership.

7. Warrants were originally issued in connection with a loan made to the issuer. They were assigned to Reporting Person at no cost.

8. Owned through NuView IRA, Inc. FBO Gary Shapiro IRA.

9. Owned indirectly through IRA for benefit of wife.

10. Warrants were issued in connection with loans to the Issuer.

11. Owned indirectly through wife's Trust

	/s/ Gary L. Shapiro	01/09/2017
	** Signature of Reporting Person	Date
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