Filing Details
- Accession Number:
- 0001553350-20-001051
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-11-23 18:03:59
- Reporting Period:
- 2020-11-20
- Accepted Time:
- 2020-11-23 18:03:59
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1448705 | Basanite Inc. | BASA | Services-Advertising (7310) | 204959207 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1699571 | Sr. Joseph Ronald Loricco | 216 Crown Street Suite 502 New Haven CT 06510 | Yes | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-11-20 | 1,163,201 | $0.20 | 31,634,735 | No | 4 | X | Indirect | See footnote |
| Common Stock | Acquisiton | 2020-11-20 | 11,632 | $0.20 | 31,646,367 | No | 4 | P | Indirect | See footnote |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | X | Indirect | See footnote |
| No | 4 | P | Indirect | See footnote |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Warrant | Disposition | 2020-11-20 | 1,163,201 | $0.20 | 1,163,201 | $0.20 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2020-06-24 | 2025-06-24 | No | 4 | X | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 4,397,269 | 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 |
Footnotes
- 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").
- All of these shares are held in the name of RVRM Holdings LLC, which is controlled by the Reporting Person.
- 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.
- All of these shares are held in the name of First New Haven Mortgage Company, which is controlled by the Reporting Person.
- 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.
- 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.
- All of these shares are held in the name of LoRi Co., which is controlled by the Reporting Person.
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