Ownership Submission
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, 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Barbera Michael Vito
2. Date of Event Requiring Statement (Month/Day/Year)
02/11/2019
3. Issuer Name and Ticker or Trading Symbol
BASANITE, INC. [BASA]
(Last)
(First)
(Middle)
1423 SW 13TH DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BOCA RATON, FL 33486
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 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)
Common Stock 2,400,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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
Common Stock Warrant 01/18/2018 05/30/2022 Common Stock 50,000 $ 0.4 D  
Common Stock Warrant 01/18/2018 05/30/2022 Common Stock 50,000 $ 0.6 D  
Common Stock Warrant 08/18/2018 08/15/2023 Common Stock 200,000 $ 0.15 D  
Common Stock Warrant 11/09/2018 10/31/2023 Common Stock 1,333,333 $ 0.075 D  
Convertible Note (1) 01/18/2019 07/18/2019 Common Stock 1,000,000 $ 0.05 D  
Common Stock Warrant 02/19/2019 02/19/2024 Common Stock 30,000 $ 0.25 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Barbera Michael Vito
1423 SW 13TH DRIVE
BOCA RATON, FL 33486
  X      

Signatures

/s/ Michael Vito Barbera 02/21/2019
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Convertible Note (the "Note") with a principal balance of $50,000 which may be converted at any time prior to the maturity date of July 18, 2019. The Note carries a 15% per annum interest rate. Accrued interest may also be converted into shares of common stock at a conversion price of $0.05 per share. The Issuer may require conversion of the Note plus accrued interest any time prior to the maturity date. In the event the Note is converted rather than repaid by the Company, the Reporting Person shall receive a 5-year Common Stock Warrant effective as of such conversion date which may be exercised for up 666,667 shares of common stock at a per share exercise price of $0.075.

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