SEC Form 3 · accession 0001553350-18-001147
BASANITE, INC. · BASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul M. Sallarulo
Director
Period of report
Apr 5, 2017
Accepted (ET)
Oct 29, 2018 · 4:47 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 | holding | — | — | — | 250,000 | D | ||
| Common StockF2 | holding | — | — | — | 1,333,333 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF3 | $0.25 | holding | — | — | — | Oct 17, 2017 | Oct 17, 2022 | Common Stock | 250,000 | — | D |
Explanation of responses
- F1On 4/5/2017, Mr. Sallarulo was issued 250,000 restricted common shares of Paymeon, Inc. in conjunction with joining the Company's board of directors.
- F2On 8/16/2018, Mr. Sallarulo purchased 1,333,333 restricted shares for $0.075 per share from the Company.
- F3On 10/17/2017, Mr. Sallarulo was issued an option to purchase 250,000 common shares of the Company for a strike price of $0.25 per share in conjunction with his continued service on the Company's board of directors.