BASA Basanite Inc (QB)

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 OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * Anderson David Lawrence	2. Issuer Name and Ticker or Trading Symbol BASANITE, INC. [ BASA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) EVP and COO
(Last)          (First)          (Middle) C/O BASANITE, INC., 2041 NW 15TH AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 3/15/2019
(Street) POMPANO BEACH, FL 33069 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 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
Warrant	$0.075	3/15/2019		P (1)		500000		3/15/2019	3/15/2024	Common Stock	500000	$0.05 (1)	500000	D
Warrant	$0.06	5/15/2019		X (2)			500000	5/15/2019	5/15/2024	Common Stock	500000	$0.05 (1)	0	D

Explanation of Responses:
(1)	On March 15, 2019, the Reporting Person purchased 500,000 shares of the Issuer's common stock in a private placement at a per share purchase price of $0.05. All such shares are "restricted securities" as defined by the Securities Act of 1933, as amended (the "Securities Act"). In connection with the private placement, the Reporting Person was issued a warrant to purchase up to 500,000 shares of the Issuer's common stock at an exercise price of $0.075 (the "Warrant"). This transaction was reported in the Issuer's Form 10-Q for the period ended March 31, 2019.
(2)	On May 15, 2019, the Reporting Person exercised the Warrant at a reduced exercise price of $0.06 for 500,000 shares of the Issuer's common stock. All such shares are "restricted securities" as defined by the Securities Act. This transaction was reported in the Issuer's Form 10-Q for the period ended June 30, 2019.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Anderson David Lawrence C/O BASANITE, INC. 2041 NW 15TH AVENUE POMPANO BEACH, FL 33069			EVP and COO

Signatures
/s/ David L. Anderson		5/1/2020
**Signature of Reporting Person		Date