Morton James E III 4
4 · True Nature Holding, Inc. · Filed Aug 6, 2018
Insider Transaction Report
Form 4
Morton James E III
President
Transactions
- Award
Restricted Common Stock
2018-07-24$0.08/sh+312,499$25,000→ 912,499 total
Footnotes (1)
- [F1]The 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.