Sallarulo Paul M. 4
4 · BASANITE, INC. · Filed Nov 23, 2020
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Sallarulo Paul M.
Director
Transactions
- Exercise of In-Money
Common Stock
2020-11-19$0.04/sh+2,000,000$75,000→ 5,584,493 total - Exercise of In-Money
Warrant
2020-11-19$0.04/sh−2,000,000$75,000→ 0 totalExercise: $0.04From: 2019-03-15Exp: 2024-03-15→ Common Stock (2,000,000 underlying)
Footnotes (1)
- [F1]On November 19, 2020, the Reporting Person converted a Common Stock Warrant dated March 15, 2019 (the "Warrant") for 2,000,000 shares of the Issuer's common stock at a per share exercise price of $0.0375, or an aggregate exercise price of $75,000. The Warrant had an initial exercise price of $0.075. All shares of common stock issued pursuant to the exercise are "restricted securities" as defined by the Securities Act of 1933, as amended.