4//SEC Filing
Barbera Michael Vito 4
Accession 0001553350-20-000706
CIK 0001448705other
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 12:50 PM ET
Size
16.7 KB
Accession
0001553350-20-000706
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Barbera Michael Vito
Director
Transactions
- Conversion
Common Stock
2020-07-21$0.13/sh+195,522$25,809→ 5,104,717 total - Other
Warrant
2020-07-21+400,195→ 400,195 totalExercise: $0.40From: 2020-07-21Exp: 2025-07-21→ Common Stock (400,195 underlying) - Other
Warrant
2020-07-21+195,522→ 195,522 totalExercise: $0.40From: 2020-07-21Exp: 2025-07-21→ Common Stock (195,522 underlying) - Conversion
Common Stock
2020-07-21$0.13/sh+400,195$52,826→ 4,909,195 total - Conversion
Convertible Promissory Note
2020-07-21$0.13/sh−400,195$52,826→ 0 totalExercise: $0.13From: 2020-06-06Exp: 2020-07-16→ Common Stock (400,195 underlying) - Conversion
Convertible Promissory Note
2020-07-21$0.13/sh−195,522$25,809→ 0 totalExercise: $0.13From: 2020-06-06Exp: 2020-10-13→ Common Stock (195,522 underlying)
Footnotes (4)
- [F1]On July 21, 2020, the Reporting Person converted a previously disclosed $50,000 12% Convertible Promissory Note (including $2,439.53 of accrued, unpaid interest) initially issued on January 16, 2020 (the "January Note") at a conversion price of $0.132. Pursuant to the terms of the January Note, the conversion price was calculated at 80% of the Issuer's closing trading price on June 5, 2020, which was $0.165. All such shares are "restricted securities" as defined by the Securities Act of 1933, as amended (the "Securities Act").
- [F2]On July 21, 2020, the Reporting Person converted a previously disclosed $25,000 12% Convertible Promissory Note (including $590.41 of accrued, unpaid interest) initially issued on April 13, 2020 (the "April Note") at a conversion price of $0.132. Pursuant to the terms of the April Note, the conversion price was calculated at 80% of the Issuer's closing trading price on June 5, 2020, which was $0.165. All such shares are "restricted securities" as defined by the Securities Act.
- [F3]Pursuant to the terms of the January Note, as of the conversion date the Reporting Person was issued a five-year Warrant to Purchase Common Stock for up to 400,195 shares of the Issuer's common stock with an exercise price of $0.396, or three times the conversion price of the January Note.
- [F4]Pursuant to the terms of the April Note, as of the conversion date the Reporting Person was issued a five-year Warrant to Purchase Common Stock for up to 195,522 shares of the Issuer's common stock with an exercise price of $0.396, or three times the conversion price of the April Note.
Documents
Issuer
BASANITE, INC.
CIK 0001448705
Entity typeother
Related Parties
1- filerCIK 0001768295
Filing Metadata
- Form type
- 4
- Filed
- Aug 5, 8:00 PM ET
- Accepted
- Aug 6, 12:50 PM ET
- Size
- 16.7 KB