SEC Form 4 · accession 0001553350-18-000819
BASANITE, INC. · BASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward A Cespedes
Other
Period of report
Feb 2, 2018
Accepted (ET)
Jul 19, 2018 · 9:39 am 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 | Feb 2, 2018 | P | 1,000 | $0.499 | A | 13,994,192 | D | |
| Common Stock | Feb 7, 2018 | P | 500 | $0.37 | A | 13,994,692 | D | |
| Common Stock | Feb 23, 2018 | P | 500 | $0.498 | A | 13,995,192 | D | |
| Common Stock | Feb 26, 2018 | P | 500 | $0.44 | A | 13,995,692 | D | |
| Common Stock | Mar 7, 2018 | P | 500 | $0.448 | A | 13,996,192 | D | |
| Common Stock | Mar 8, 2018 | P | 200 | $0.4189 | A | 13,996,392 | D | |
| Common Stock | Mar 15, 2018 | P | 250 | $0.40 | A | 13,996,642 | D | |
| Common Stock | Mar 15, 2018 | P | 250 | $0.3999 | A | 13,996,892 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Amount includes additional 5,500 shares that were included as clerical error correction in amendment to Form 4 filing made on 11/16/2017.
Remarks
Mr. Cespedes resigned as chairman, chief executive and principal financial officer for the Company and its subsidiaries on April 13, 2018. Amount of beneficial securities owned includes a stock option to acquire 1,000,000 common shares of Paymeon, Inc. for an exercise price of $0.51 per share. As of the date of this filing, the exercise price of the stock option exceeds the market price for the common shares of Paymeon, Inc.