SEC Form 4 · accession 0001144204-18-057693
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
Oct 29, 2018
Accepted (ET)
Nov 6, 2018 · 6:04 pm EST
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 | Oct 29, 2018 | P | 4,000,000 | $0.05 | A | 25,283,333 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase common stockF2,F1 | $0.075 | Oct 29, 2018 | P | 200,000 | A | — | — | Common Stock | 200,000 | 200,000 | I |
Explanation of responses
- F1Mr. Ronald LoRicco is a member of RVRM Holdings, LLC, which directly holds 25,283,333 shares of Common Stock of PayMeOn, Inc, (the "Issuer")
- F2Each warrant represents the right to purchase one (1) share of common stock of the Issuer at an exercise price of $0.75 per share of common stock. The warrants are exercisable by the Issuer on the date that the Issuer's price per share of common stock equals or exceeds one dollar ($1.00) for twenty (20) consecutive trading days. The warrants expire on October 29, 2023.