SEC Form 4 · accession 0001185185-18-001350
Mitesco, Inc. · MITI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Morton III
Officer — President
Period of report
Jul 24, 2018
Accepted (ET)
Aug 6, 2018 · 3:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000802257
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1 | Jul 24, 2018 | A | 312,499 | $0.08 | A | 912,499 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The executive was awarded a total of 500,000 shares of restricted common stock when joining the Company. All of the shares are subject to certain reverse vesting conditions. As of the dates of this filing the executive has fully earned 100,000 of those shares. On 06-01-2018 the executive was granted 100,000 shares of restricted stock as a performance bonus. These shares are not subject to further performance requirements. The executive also agreed to convert $24,999.99 of accrued salaries into 312,499 shares of restricted common stock as of (July 24, 2018) at a price of $.08 - at the closing price on the filing date. As a result, the executive now owns 912,499 shares, of which 400,000 shares remain subject to certain performance requirements under a reverse vesting agreement.