Sec Form 4 Filing - LoRicco Ronald Joseph Sr. @ BASANITE, INC. - 2019-01-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LoRicco Ronald Joseph Sr.
2. Issuer Name and Ticker or Trading Symbol
BASANITE, INC. [ BASA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
216 CROWN STREET, SUITE 502
3. Date of Earliest Transaction (MM/DD/YY)
01/31/2019
(Street)
NEW HAVEN, CT06510
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/31/2019 P 500,000 A $ 0.05 1,566,667 I See footnote ( 1 )
Common Stock 01/31/2019 P 500,000 A $ 0.05 1,566,667 I See footnote ( 2 )
Common Stock 02/13/2019 P 2,000,000 A $ 0.05 2,000,000 I See footnote ( 3 )
Common Stock 05/09/2019 P 2,000,000 A $ 0.06 4,000,000 I See footnote ( 3 )
Common Stock 05/09/2019 P 4,000,000 A $ 0.06 29,283,333 I See footnote ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LoRicco Ronald Joseph Sr.
216 CROWN STREET, SUITE 502
NEW HAVEN, CT06510
X X
Signatures
/s/ Ronald J. LoRicco Sr. 06/04/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )ARGJ, LLC ("ARGJ") is the direct holder of 1,566,667 shares of Common Stock of Basanite, Inc., (the "Issuer"). Ronald J. LoRicco Sr.'s brother, Richard LoRicco, Jr., is the manager of ARGJ. Ronald J. LoRicco Sr. is neither a manager nor a member of ARGJ. Ronald J. LoRicco Sr. disclaims beneficial ownership of all of the securities that are beneficially owned by ARGJ, except to the extent, if any, of his pecuniary interest therein.
( 2 )Ronald J. LoRicco Sr.'s brother, Richard LoRicco Jr., is the manager of RJC3, LLC ("RJC3"), which directly holds 1,566,667 shares of Common Stock of the Issuer. Ronald J. LoRicco Sr. is neither the manager nor a member of RJC3. Ronald J. LoRicco Sr. disclaims beneficial ownership of all of the securities that are beneficially owned by RJC3, except to the extent, if any, of his pecuniary interest therein.
( 3 )First New Haven Mortgage Co. LLC ("FNHM") is a direct holder of 4,000,000 shares of Common Stock of the Issuer. Ronald J. LoRicco Sr. and his brother, Richard LoRicco Jr., are managers and members of FNHM.
( 4 )Ronald J. LoRicco Sr. is a member of RVRM Holdings, LLC ("RVRM"), which directly holds 29,383,333 shares of Common Stock of Issuer.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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