Barbera Michael Vito 4
4 · BASANITE, INC. · Filed Mar 7, 2019
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Barbera Michael Vito
Director
Transactions
- Purchase
Common Stock
2019-02-27+1,000,000→ 3,400,000 total - Award
Common Stock Warrant
2019-02-27+666,667→ 666,667 totalExercise: $0.07From: 2019-02-27Exp: 2024-02-27→ Common Stock (666,667 underlying)
Footnotes (1)
- [F1]The Reporting Person purchased these shares of common stock for an aggregate purchase price of $50,000, or $0.05 per share, directly from the Issuer in a private transaction. All such shares are "restricted securities" as such term is defined by the Securities Act of 1933, as amended. Additionally, and as part of the transaction, the Reporting Person received a Common Stock Warrant to purchase up to 666,667 shares of common stock at a per share exercise price of $0.075 (the "Warrant"). The Warrant may be exercised from the date of issuance until February 27, 2024. All shares of common stock underlying the Warrant are "restricted securities" as such term is defined by the Securities Act of 1933, as amended.