Barbera Michael Vito 4
4 · BASANITE, INC. · Filed Nov 23, 2020
Insider Transaction Report
Form 4
BASANITE, INC.BASA
Barbera Michael Vito
Director
Transactions
- Exercise of In-Money
Common Stock
2020-11-19$0.04/sh+1,000,000$37,500→ 6,104,717 total - Exercise of In-Money
Warrant
2020-11-19$0.07/sh−1,000,000$75,000→ 1,000,000 totalExercise: $0.04From: 2018-11-01Exp: 2023-10-31→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]On November 19, 2020, the Reporting Person converted a portion of Common Stock Warrant dated November 1, 2018 (the "Warrant") for 1,000,000 shares of the Issuer's common stock at a per share exercise price of $0.0375, or an aggregate exercise price of $37,500. The Warrant had an initial exercise price of $0.075 and such $0.075 price shall continue to be the exercise price for the remaining 1,000,000 shares of common stock underlying the Warrant. All shares of common stock issued pursuant to the exercise are "restricted securities" as defined by the Securities Act of 1933, as amended.