13D Filing: Victor Petrone Jr. and Petrone Worldwide, Inc. (PFWI)

Page 3 of 7 SEC Filing

(1) This percentage
is calculated based on 1,956,070 shares of common stock of the Issuer which were issued and outstanding as of March 3, 2014, as
confirmed by the transfer agent of the Issuer and disclosed in a Form 10 filed by the Issuer with the Securities and Exchange Commission
on June 13, 2014.

EXPLANATORY NOTE THIS STATEMENT OF BENEFICIAL OWNERSHIP PERTAINS TO SECURITIES OF THE ISSUER ISSUED TO REPORTING PERSON ON MARCH 3, 2014. THE BENEFICIAL OWNERSHIP OF THE REPORTING PERSON WAS ORIGINALLY REPORTED ON A FORM 3 FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 21, 2014 AND IN ITEM 4 OF A FORM 10 FILED BY THE ISSUER WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 13, 2014. PURSUANT TO THE ADVISE OF THE CURRENT LEGAL COUNSEL THIS SCHEDULE 13D IS BEING FILED TO PROVIDE ADDITIONAL DISCLOSURE OF THE TRANSACTION.

Item 1. Security and Issuer.

This Statement on Schedule 13D relates
to the common stock, par value $0.001 per share (“Common Stock”), of Petrone Worldwide, Inc., a Nevada corporation
(the “Issuer”), and is being filed by Victor Petrone, Jr. The Issuer’s current principal executive offices are
located at 2200 N. Commerce Parkway, Weston, Florida 33326.

Item 2. Identity and Background.

 

(a)

This Schedule 13D is being filed by Victor Petrone, Jr. (the “Reporting Person”)

(b)

The principal business address of the Reporting Person is c/o Petrone Worldwide, Inc., 2200 N. Commerce Parkway, Weston, Florida 33326.

(c)

The Reporting Person is the sole officer (Chairman of the Board, President/Chief Executive Officer, Secretary, and Treasurer/Chief Financial Officer) and sole director of the Issuer.

(d)

The Reporting Person has not, during the last five years, been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)

The Reporting Person has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction such that, as a result of such proceeding, the Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)

The Reporting Person is a citizen of the United States.