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

Page 5 of 7 SEC Filing

Item 5. Interest in Securities of
the Issuer.

 

(a)

As of March 3, 2014 (“the date of this report”), the Reporting Person beneficially owns 1,760,542 shares of Common Stock, representing approximately 90% of the issued and outstanding shares of Common Stock. The foregoing percentage is calculated based on 1,956,070 shares of Common Stock issued and outstanding as of the date of this report, 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.

(b)

The information set forth in Item 5(a) of this Schedule 13D is incorporated herein by reference. The Reporting Person has sole voting power and sole dispositive power over the shares of Common Stock, and does not have shared voting power or shared dispositive power over any shares of Common Stock.

(c)

The Reporting Person has not effected any transactions, other than those described herein in the class of securities described herein during the past 60 days of the date of this report.

(d)

Other than the Reporting Person, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

(e)

The reporting person remains the beneficial owner of more than 5% of the class of securities described herein.

Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer.

The Reporting Person does not have any
contract, arrangement, understanding or relationship with respect to securities of the Issuer including, but not limited to, transfer
or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees
of profits, division of profits or loss, or the giving or withholding of proxies. Further, the Reporting Person has not pledged
securities of the Issuer nor are the securities of the Issuer held by the Reporting Person subject to a contingency, the occurrence
of which would give another person voting power or investment power over such securities.

Item 7. Material to be Filed
as Exhibits.

None.