Basanite (BASA) Form 4 BASANITE / Ronald Joseph Sr. LoRicco ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LoRicco Ronald Joseph Sr.

(Last) (First) (Middle)

216 CROWN STREET, SUITE 502

(Street)

NEW HAVEN CT 06510

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

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.

	/s/ Ronald J. LoRicco Sr.	06/04/2019
	** Signature of Reporting Person	Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.