SEC Form 3 · accession 0001185185-18-001917
Mitesco, Inc. · MITI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Philip Crone
Officer — Pres, Interim CFO, Sec, Dir · Director
Period of report
Oct 15, 2018
Accepted (ET)
Nov 2, 2018 · 5:34 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | holding | — | — | — | 100,000 | D | ||
| Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 600,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 28, 2018, Mr. Crone was issued 100,000 shares of restricted common stock as compensation for his services as a member of the Advisory Board. These shares are not subject to vesting condition or performance requirements.
- F2On October 15, 2018, Mr. Crone was awarded in the aggregate 600,000 shares (the "Shares") of restricted common stock in connection with that certain Employment Agreement (the "Agreement") entered into with True Nature Holding Inc., a Delaware corporation (the "Company"), subject to certain vesting requirements. Mr. Crone shall earn 200,000 of the Shares upon his employment with the Company for 30 days from the effective date of the Agreement; 200,000 of the Shares shall be earned upon his employment with the Company for 90 days from the effective date of the Agreement; and 200,000 of the Shares upon the Company's completion of a capital raise of $2,000,000.