4//SEC Filing
LoRicco Ronald Joseph Sr. 4
Accession 0001553350-21-000138
CIK 0001448705other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:05 PM ET
Size
14.0 KB
Accession
0001553350-21-000138
Insider Transaction Report
Form 4
BASANITE, INC.BASA
LoRicco Ronald Joseph Sr.
Director10% Owner
Transactions
- Other
Convertible Promissory Note
2021-02-12$1207504.00/sh→ 0 total(indirect: See footnote)From: 2021-02-12→ Common Stock - Other
Warrant
2021-02-12+11,250,000→ 11,250,000 total(indirect: See footnote)Exercise: $0.20From: 2021-02-12Exp: 2026-02-12→ Common Stock (11,250,000 underlying)
Holdings
- 31,646,367(indirect: See footnote)
Common Stock
- 1,566,667(indirect: See footnote)
Common Stock
- 1,566,667(indirect: See footnote)
Common Stock
- 500,000(indirect: See footnote)
Common Stock
- 4,397,269(indirect: See footnote)
Common Stock
Footnotes (8)
- [F1]All of these shares are held in the name of RVRM Holdings LLC, which is controlled by the Reporting Person.
- [F2]All of these shares are held in the name of First New Haven Mortgage Company, which is controlled by the Reporting Person.
- [F3]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.
- [F4]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.
- [F5]All of these shares are held in the name of LoRi Co., which is controlled by the Reporting Person.
- [F6]This convertible promissory note bears a per annum interest rate of 20%, has a maturity date of May 12, 2021 and may be converted at the option of the Reporting Person at a per share conversion price equal to the per shares cash price paid by any third party investors with total proceeds to the Issuer of not less $500,000 while amounts remain outstanding under the convertible promissory note (the "Note").
- [F7]This common stock warrant (the "Warrant") was issued in connection with the Note described in footnote 6 above.
- [F8]The Note and the Warrant are held by The Richard A. LoRicco Sr. and Lucille M. LoRicco Irrevocable Insurance Trust DTD 4/28/95, Louis Demaio as Trustee (the "Trust") The Trust is maintained by Richard A. LoRicco Sr. and Lucille M. LoRicco, who are the parents of the Reporting Person. The Reporting Person disclaims beneficial ownership of the Notes and the Warrants held by the Trust, except to the extent, if any, of his pecuniary interest therein.
Documents
Issuer
BASANITE, INC.
CIK 0001448705
Entity typeother
Related Parties
1- filerCIK 0001699571
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:05 PM ET
- Size
- 14.0 KB