Louis George Deluca, Trunity Holdings, Inc.'s C.O.O., recently acquired 369,500 shares of the company. The buys took place at $0.08 per share, on July 24, 2018. Deluca now owns 1,446,423 shares of the company. Deluca operates out of Mableton, GA. Some additional info was provided as follows:
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 date of this filing the executive has fully earned 200,000 of those shares. The executive agreed to convert $60,000 of accrued salaries into stock as of (January 29, 2018) at a price of $.104 - the closing price on the date when the agreement to convert the amounts owed was completed, for a new issu
ance of 576,923. The executive further agreed to convert $29,560 of accrued salaries into stock as of (July 24, 2018) at a price of $.08 - the closing price on the date when the agreement to convert the amounts owed was completed, for a new issuance of 369,500. As a result, the executive now owns 1,146,423 share that are fully vested, and another 300,000 shares that remain subject to certain performance requirements under a reverse vesting agreement.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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