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4//SEC Filing

LoRicco Ronald Joseph Sr. 4

Accession 0001553350-21-000446

CIK 0001448705other
View on SEC.govCompany Profile

Filed

May 20, 8:00 PM ET

Accepted

May 21, 6:18 PM ET

Size

17.9 KB

Accession

0001553350-21-000446

Insider Transaction Report

Form 4
Period: 2021-05-12
BASANITE, INC.BASA
LoRicco Ronald Joseph Sr.
Director10% Owner
Transactions
  • Purchase

    Common Stock

    2021-05-17$0.12/sh+2,475,003$299,970→ 2,475,003 total(indirect: See footnote)
  • Purchase

    Common Stock

    2021-05-17$0.12/sh+4,125,004$499,950→ 4,625,004 total(indirect: See footnote)
  • Other

    Convertible Promissory Note

    2021-05-12$1267310.00/sh→ 0 total(indirect: See footnote)
    From: 2021-05-12→ Common Stock
  • Other

    Warrant

    2021-05-12+5,625,000→ 5,625,000 total(indirect: See footnote)
    Exercise: $0.35From: 2021-05-12→ Common Stock (5,625,000 underlying)
Holdings

  • Common Stock

    (indirect: See footnote)
    31,646,367

  • Common Stock

    (indirect: See footnote)
    4,397,269

  • Common Stock

    (indirect: See footnote)
    1,566,667

  • Common Stock

    (indirect: See footnote)
    1,566,667
Footnotes (12)
  • [F1]All of these shares are held in the name of RVRM Holdings LLC, which is controlled by Richard LoRicco, Jr., the Reporting Person's brother.
  • [F10]This common stock warrant (the "Warrant") was issued in connection with the Note described in footnote 6 above.
  • [F11]The Note and the Warrant are held by The Richard A. LoRicco Sr. and Lucille M. LoRicco Irrevocable Insurance Trust DTD 4/28/95, Camille Murphy as Trustee (the "1995 Trust") Richard A. LoRicco Sr. and Lucille M. LoRicco were the parents of the Reporting Person and the 1995 Trust is maintained by an independent trustee. The Reporting Person disclaims beneficial ownership of the Notes and the Warrants held by the 1995 Trust, except to the extent, if any, of his pecuniary interest therein.
  • [F12]None.
  • [F2]All of these shares are held in the name of First New Haven Mortgage Company, which is controlled by Report Person and Richard LoRicco, Jr., the Reporting Person's brother.
  • [F3]These shares were purchased in a private transaction by the Reporting Person from a stockholder of the Issuer and will be "restricted securities" as such term is defined by the Securities Act of 1933, as amended.
  • [F4]All of these shares are held by the LoRicco Family Trust Per Article 11 of the Richard and Lucille LoRicco Living Trust DTD 06/03/2010 (the "2010 Trust") Richard A. LoRicco Sr. and Lucille M. LoRicco were the parents of the Reporting Person and the 2010 Trust is maintained by an independent trustee. The Reporting Person disclaims beneficial ownership of the shares held by the 2010 Trust, except to the extent, if any, of his pecuniary interest therein.
  • [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]These shares were purchased in a private transaction by the Reporting Person from a stockholder of the Issuer and will be "restricted securities" as such term is defined by the Securities Act of 1933, as amended.
  • [F8]All of these shares are held in the name of LoRi Co., which is controlled by the Reporting Person and Richard LoRicco, Jr., the Reporting Person's brother.
  • [F9]This second amended and rested convertible promissory note bears a per annum interest rate of 20%, has a maturity date of February 12, 2022 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").

Documents

1 file

Issuer

BASANITE, INC.

CIK 0001448705

→
Entity typeother

Related Parties

1
  • filerCIK 0001699571

Filing Metadata

Form type
4
Filed
May 20, 8:00 PM ET
Accepted
May 21, 6:18 PM ET
Size
17.9 KB
View on SEC.gov