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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hillair Capital Investments LP 		2. Issuer Name and Ticker or Trading Symbol

Legend Oil & Gas, Ltd. [ LOGL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O HILLAIR CAPITAL MANAGEMENT LLC, 345 LORTON AVE., SUITE 303 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/27/2016
(Street)

BURLINGAME, CA 94010
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

5/27/2016 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/1/2015     P    604155998   A $0.03   604155998   D   (1)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Series B Convertible Preferred Stock   $0.03   10/21/2015     P      321456675       10/21/2015     (2) Common Stock   321456675   $1000   321456675   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   1/29/2016     P      47980000       1/29/2016   3/1/2018   Common Stock   47980000   $1439400   369436675   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   3/25/2016     P      13692933       3/25/2016   3/1/2018   Common Stock   13692933   $410788   383129608   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   4/7/2016     P      38340200       4/7/2016   3/1/2018   Common Stock   38340200   $1150206   421469808   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   5/27/2016     P      15336080       5/27/2016   3/1/2018   Common Stock   15336080   $460082   436805888   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   7/5/2016     P      11000000       7/5/2016   3/1/2018   Common Stock   11000000   $330000   447805888   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   7/27/2016     P      18333333       7/27/2016   3/1/2018   Common Stock   18333333   $550000   466139221   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   8/22/2016     P      12833333       8/22/2016   3/1/2018   Common Stock   12833333   $385000   478972554   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   12/16/2016     P      11000000       12/19/2016   3/1/2018   Common Stock   11000000   $330000   489972554   D   (1)  
Original Issue Discount Senior Convertible Debenture   $0.03   1/3/2017     P      12833333       1/3/2017   3/1/2018   Common Stock   12833333   $385000   502805887   D   (1)  

Explanation of Responses:
( 1)  The reported securities are owned directly by Hillair Capital Investments L.P., a Cayman Islands limited partnership ("Hillair Capital"), and indirectly by Hillair Capital Investments LLC ("Hillair Management"), as the investment advisor of Hillair Capital, and Sean M. McAvoy, as the manager of Hillair Management. Hillair Management and McAvoy disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
( 2)  The Series B Convertible Preferred Stock does not have an expiration date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hillair Capital Investments LP
C/O HILLAIR CAPITAL MANAGEMENT LLC
345 LORTON AVE., SUITE 303
BURLINGAME, CA 94010
X

Hillair Capital Management LLC
345 LORTON AVENUE
SUITE 303
BURLINGAME, CA 94010
X

McAvoy Sean M
345 LORTON AVENUE
SUITE 303
BURLINGAME, CA 94010 		X X


Signatures
/s/ Sean M. McAvoy - Hillair Capital Investment L.P. 1/9/2017
** Signature of Reporting Person Date

/s/ Sean M. McAvoy - Hillair Capital Management LLC 1/9/2017
** Signature of Reporting Person Date

/s/ Sean M. McAvoy 1/9/2017
** 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 control number.
Legend Oil and Gas (CE) (USOTC:LOGL)
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