FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  McAvoy Sean M
 2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2016		 3. Issuer Name and Ticker or Trading Symbol
SG BLOCKS, INC. [SGBX*]
(Last)
(First)
(Middle)
C/O HILLAIR CAPITAL MANAGEMENT, LLC, 345 LORTON AVENUE, SUITE 303		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BURLINGAME, CA 94010		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 25,415
I (1)
By Hillair Capital Investments L.P.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Senior Convertible Secured Debentures   (2)   (2) Common Stock 2,000,000 $ 1.25 I (1) By Hillair Capital Investments LP
Series A Convertible Preferred Stock   (3)   (3) Common Stock 3,352,440 $ 1 I (1) By Hillair Capital Investments LP

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McAvoy Sean M
C/O HILLAIR CAPITAL MANAGEMENT, LLC
345 LORTON AVENUE, SUITE 303
BURLINGAME, CA 94010		   X      

Signatures

/s/ Sean M. McAvoy 10/26/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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).
(1) The reported securities are owned indirectly by Sean M. McAvoy, as the manager of Hillair Capital Management LLC. Sean M. McAvoy disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(2) The Senior Convertible Secured Debentures became convertible on June 30, 2016 and expire on June 30, 2018, in the amount of $2,500,000 in principal amount plus any accrued and unpaid interest.
(3) The Series A Convertible Preferred Stock became convertible on June 30, 2016 and has a perpetual duration.
 
Remarks:
*. The Issuer currently intends to apply for quotation or listing under this symbol in the future.

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