SEC Form 4 · accession 0001144204-18-045318
BASANITE, INC. · BASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Joseph LoRicco Sr.
Director · 10% Owner
Period of report
Aug 15, 2018
Accepted (ET)
Aug 17, 2018 · 12:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001448705
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 15, 2018 | P | 1,333,333 | $0.075 | A | 20,083,333 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible Promissory NotesF2,F3 | $0.075 | Aug 15, 2018 | C | — | D | — | — | Common Stock | 1,200,000 | 21,283,333 | I |
Explanation of responses
- F1Mr. Ronald LoRicco is a member of RVRM Holdings, LLC, which directly holds 20,083,333 shares of Common Stock of PayMeOn, Inc, (the "Issuer")
- F2Represents conversion of a series of promissory notes into shares of Issuer's Common Stock by Reporting Person. Each promissory note had a term of 90 days. The principal amount of each note was converted into shares of the Issuer's Common Stock at a conversion price of $0.075 per share.
- F3Mr. Ronald LoRicco is a member of RVRM Holdings, LLC, which directly holds 21,283,333 shares of Common Stock of PayMeOn, Inc, (the "Issuer")