4//SEC Filing
LoRicco Ronald Joseph Sr. 4
Accession 0001553350-20-001051
CIK 0001448705other
Filed
Nov 22, 7:00 PM ET
Accepted
Nov 23, 6:03 PM ET
Size
14.1 KB
Accession
0001553350-20-001051
Insider Transaction Report
Form 4
BASANITE, INC.BASA
LoRicco Ronald Joseph Sr.
Director10% Owner
Transactions
- Purchase
Common Stock
2020-11-20$0.20/sh+11,632$2,326→ 31,646,367 total(indirect: See footnote) - Exercise of In-Money
Warrant
2020-11-20$0.20/sh−1,163,201$230,314→ 0 total(indirect: See footnote)Exercise: $0.20From: 2020-06-24Exp: 2025-06-24→ Common Stock (1,163,201 underlying) - Exercise of In-Money
Common Stock
2020-11-20$0.20/sh+1,163,201$230,314→ 31,634,735 total(indirect: See footnote)
Holdings
- 1,566,667(indirect: See footnote)
Common Stock
- 500,000(indirect: See footnote)
Common Stock
- 1,566,667(indirect: See footnote)
Common Stock
- 4,397,269(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]On November 20, 2020, the Reporting Person converted a Common Stock Warrant dated June 24, 2020 (the "Warrant") for 1,163,201 shares of the Issuer's common stock at a per share exercise price of $0.1980, or an aggregate exercise price of $230,314. The Warrant had an initial exercise price of $0.396 and was reduced to $0.1980 in consideration of the Reporting Person exercising the Warrant at this time. All shares of common stock issued pursuant to the exercise are "restricted securities" as defined by the Securities Act of 1933, as amended (the "Securities Act").
- [F2]All of these shares are held in the name of RVRM Holdings LLC, which is controlled by the Reporting Person.
- [F3]On November 20, 2020, the Reporting Person purchased 11,632 shares of common stock from the Issuer at a per share price of $0.20, or an aggregate purchase price of $2,320. All such shares are "restricted securities" as defined by the Securities Act.
- [F4]All of these shares are held in the name of First New Haven Mortgage Company, which is controlled by the Reporting Person.
- [F5]All of these shares are held in the name of ARGJ, LLC ("ARGJ"). The Reporting Person's brother, Richard LoRicco, Jr., is the manager of ARGJ. The Reporting Person is neither a manager nor a member of ARGJ. The Reporting Person disclaims beneficial ownership of all of the securities that are beneficially owned by ARGJ, except to the extent, if any, of his pecuniary interest therein.
- [F6]All of these shares are held in the name of RJC3, LLC ("RJC3"). The Reporting Person's brother, Richard LoRicco, Jr., is the manager of RJC3. The Reporting Person is neither a manager nor a member of RJC3. The Reporting Person disclaims beneficial ownership of all of the securities that are beneficially owned by RJC3, except to the extent, if any, of his pecuniary interest therein.
- [F7]All of these shares are held in the name of LoRi Co., which is controlled by the Reporting Person.
Documents
Issuer
BASANITE, INC.
CIK 0001448705
Entity typeother
Related Parties
1- filerCIK 0001699571
Filing Metadata
- Form type
- 4
- Filed
- Nov 22, 7:00 PM ET
- Accepted
- Nov 23, 6:03 PM ET
- Size
- 14.1 KB