Basanite (BASA) Form 3 BASANITE / ISABELLA BARBERA ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:	3235-0104
Estimated average burden
hours per response:	0.5

1. Name and Address of Reporting Person^*

BARBERA ISABELLA

(Last) (First) (Middle)

C/O BASANITE, INC.

2041 NW 15TH AVENUE

(Street)

POMPANO BEACH FL 33069

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/20/2019

3. Issuer Name and Ticker or Trading Symbol
BASANITE, INC. [ BASA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Purchase Common Stock	11/23/2019(1)	05/23/2029	Common Stock	1,000,000	0.55(1)	D

Explanation of Responses:

1. This option to purchase common stock (the "Option") will vest in four equal 250,000 share installments beginning on November 23, 2019 and then again on May 23, 2020, November 23, 2020 and May 23, 2021 assuming the Reporting Person remains an employee of the Issuer on each vesting date. The Option has an exercise price of $0.55 per share, which was the closing price of the Issuer's common stock on May 23, 2019, the first full day of employment for the Reporting Person. The Option contains cashless exercise provisions.

	/s/ Isabella Barbera	07/02/2019
	** 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 5 (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.