Edgar Filing: BASIC TECHNOLOGIES INC

FORM 4

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

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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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*

Francis      Robert               D.

(Last)       (First)             (Middle)

2. Issuer Name and Ticker or Trading Symbol

Basic Technologies, Inc. (OTCBB: BTEC)

6. Relationship of Reporting Person(s) to Issuer
                 (Check all applicable)
_ _ Director                   _ _ 10% Owner
_X_ Officer (give title    _ _ Other
                    below)               (specify below)
                           Secretary

1607 Sand Key Estates Court

3. IRS Identification Number of Reporting
Person, if an entity (voluntary)

4. Month, Day and Year of Transaction
May 1, 2003

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

(Street)

Clearwater, Florida 33767

(City) (State) (Zip)

5. If Amendment,
Date of Original
(Month/Year)

Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2. Trans-
    action
   Date
   (Month
    /Day/
   Year)

3. Trans-
   action
   Code
   (Instr. 8)

4. Securities Acquired (A) or
Disposed of (D) (Instr. e, 4 and 5)

5. Amount of
    Securities
    Beneficially
    Owned at End
    of Month
   (Instr. 3 and 4)

6. Ownership
    Form:
   Direct (D) or
   Indirect (I)
   (Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

Amount

(A) or
(D)

Price

Common Stock

05/01/03

2,500,000

Services

3,500,000

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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Acquired, Disposed of, of Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Securities
(Instr. 3)

2.Conver-
   sion or
   Exercise
   Price of
   Deriva-
   tive
   Security

3. Trans-
    action
   Date
(Month
   Day/
   Year)

4. Trans-
    action
   Code
   (Instr.
    8)

5. Number of
    Derivative
   Securities
   Acquired
   (A) or
   Disposed of
    (D) (Instr.
    3, 4 and 5)

6. Date Exercis-
    able and
   Expiration
   Date
(Month/Day/
Year)

7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)

8. Price of Deriva-
    tive
Security
   (Instr.
    5)

9.Number of Derivative
Securities
Beneficially
Owned
at End of
Month
(Instr. 4)

10. Own-
ership
Form of
Deriva-
tive
Security:
Direct
(D) or
Indirect
(I)
(Instr. 4)

11. Nature of
Indirect
Benefi-
cial
Owner-
ship
(Instr. 4)

Date
Exer-
cisable

Expira-
tion
Date

Title

Amount or
Number of
Shares

Code

(A)

(D)

Explanation of Responses:

/s/ Robert D. Francis May 2, 2003
Signature of Reporting Person Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations **Signature of Reporting Person Date
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.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.

Page 2

SEC 1472 (7-97)