SEC Form 4 · accession 0001553350-16-001667
BASANITE, INC. · BASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 25, 2016
Accepted (ET)
Mar 2, 2016 · 5:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001448705
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase OptionF1 | $0.51 | Feb 25, 2016 | A | 1,000,000 | A | Feb 25, 2016 | Feb 25, 2023 | Common Stock | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1Options granted by board of directors are exercisable at $0.51 per share, which exceeds the closing sale price of Issuer's common stock the date immediately preceding the effective grant date.