SEC Form 4 · accession 0001553350-16-001527
BASANITE, INC. · BASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward A Cespedes
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Feb 2, 2016
Accepted (ET)
Feb 5, 2016 · 8:56 am 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,F2 | Feb 2, 2016 | P | 994,421 | $0.20 | A | 1,864,142 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares purchased for $198,884.20. Consideration paid in form of a promissory note.
- F2Mr. Cespedes holds 1,719,421 shares via EAC Management, LLC, of which he is the sole member and manager, and holds 144,721 shares in the Edward A. Cespedes Revocable Trust, of which he is the sole Trustee.
Remarks
Securities purchased held by EAC Management, LLC. Mr. Cespedes is the sole member and manager of EAC Management, LLC.