Anderson David Lawrence 4
4 · BASANITE, INC. · Filed May 1, 2020
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Anderson David Lawrence
Chief Executive Officer
Transactions
- Exercise of In-Money
Warrant
2019-05-15$0.05/sh−500,000$25,000→ 0 totalExercise: $0.06From: 2019-05-15Exp: 2024-05-15→ Common Stock (500,000 underlying) - Purchase
Warrant
2019-03-15$0.05/sh+500,000$25,000→ 500,000 totalExercise: $0.07From: 2019-03-15Exp: 2024-03-15→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]On March 15, 2019, the Reporting Person purchased 500,000 shares of the Issuer's common stock in a private placement at a per share purchase price of $0.05. All such shares are "restricted securities" as defined by the Securities Act of 1933, as amended (the "Securities Act"). In connection with the private placement, the Reporting Person was issued a warrant to purchase up to 500,000 shares of the Issuer's common stock at an exercise price of $0.075 (the "Warrant"). This transaction was reported in the Issuer's Form 10-Q for the period ended March 31, 2019.
- [F2]On May 15, 2019, the Reporting Person exercised the Warrant at a reduced exercise price of $0.06 for 500,000 shares of the Issuer's common stock. All such shares are "restricted securities" as defined by the Securities Act. This transaction was reported in the Issuer's Form 10-Q for the period ended June 30, 2019.