Sec Form 4 Filing - Diamond Lawrence M. @ Mitesco, Inc. - 2019-09-30

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Diamond Lawrence M.
2. Issuer Name and Ticker or Trading Symbol
Mitesco, Inc. [ MITI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
7535 EAST HAMPDEN AVENUE, STE. 400
3. Date of Earliest Transaction (MM/DD/YY)
09/30/2019
(Street)
DENVER, CO80231
4. If Amendment, Date Original Filed (MM/DD/YY)
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 09/30/2019 P 570,000 A $ 0.0272 570,000 D
Common Stock 10/01/2019 A 1,000,000 A 1,570,000 D
Common Stock 10/04/2019 A 1,000,000 A 2,570,000 D
Common Stock 10/25/2019 P 100,000 A $ 0.026 2,670,000 D
Common Stock 10/31/2019 P 100,000 A $ 0.019 2,770,000 D
Common Stock 11/08/2019 P 74,588 A $ 0.025 2,844,588 D
Common Stock 11/11/2019 P 125,412 A $ 0.021 2,970,000 D
Common Stock 11/25/2019 P 30,000 A $ 0.039 3,000,000 D
Common Stock 01/23/2020 P 100,000 A $ 0.0299 3,100,000 D
Common Stock 02/26/2020 P 171,324 A $ 0.04 3,271,324 D
Common Stock 07/21/2020 P 100,000 A $ 0.07 3,371,324 D
Common Stock 08/28/2020 P 100,000 A $ 0.032 3,471,324 D
Preferred X Stock, $25.00, 10% 12/31/2019 P 2,000 A $ 25 2,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Director, Employee, & Consultant Stock Option $ 0.05 02/27/2020 A 1,500,000 02/27/2021 02/27/2030 Mitesco Inc. Common 1,500,000 $ 0 1,500,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Diamond Lawrence M.
7535 EAST HAMPDEN AVENUE
STE. 400
DENVER, CO80231
X Chief Executive Officer
Signatures
/s/ Lawrence M. Diamond 09/01/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The 1,000,000 shares described herein are shares of restricted common stock issued in conjunction with a compensation agreement for members of the Company's Board of Directors and are subject to reverse vesting such that a) 250,000 shares are fully vested 90 days after joining the Board; b) 250,000 shares are fully vested 180 days after joining the Board, c) 250,000 shares are fully vested after 270 days after joining the Board, and d) 250,000 shares are fully vested after the filing and acceptance by the SEC of the Form 10K for the period ending 12/31/19.
( 2 )The 1,000,000 described herein are restricted common stock issued in conjunction with a compensation agreement for senior executives of the company and are subject to reverse vesting such that a) 25% of restricted stock shares once the Employee has been with the Employer for 90 days from the effective date of this agreement; b) 25% of restricted stock shares once the Employer completes a capital raise of at least $2,000,000; c) 25% of restricted stock shares once the Employee has been with the Company for 365 days from the effective date of this agreement; d) 25% restricted stock shares once the Employer files a 10K that reports $20,000,000 in Gross Revenue.

Remarks:
On 12/31/19 the Company issued a new Series X Preferred stock in exchange for the cancellation of certain amounts owed. As a result of the issuance of 2,000 shares, there was a cancellation of $50,000 of debt obligations. The Series X preferred stock has voting rights equal to 20,000 votes of common stock per share. Therefore, this holder now has 40,000,000 votes as a result of the Series X issuance, and 3,271,324 shares for all common stock held as of this date, or a total of 7.1% of all available votes. A Form 8K was filed by the Company on 12/30/2019 date which more fully describes the Series X Preferred Stock, which can be found here: https://www.sec.gov/Archives/edgar/data/802257/000118518520000019/truenat20191230b_8k.htm

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