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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OMB Number: 3235-0287
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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 * Bassani Dominic 2. Issuer Name and Ticker or Trading Symbol BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEO
(Last)         (First)         (Middle)
C/O BRIGHT CAPITAL, LTD, 64 VILLAGE HILL DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)
10/1/2020
(Street)
DIX HILLS, NY 11746
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
10/5/2020 
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
Options (Right to Buy) (1) $0.75  10/1/2020    G (1)       100000   10/1/2020  12/31/2024  Common Stock  100000  $0.00  1900000  D   
Options (Right to Buy) (2) $0.75  10/1/2020    G (2)       1000000   10/1/2020  12/31/2024  Common Stock  1000000  $0.00  900000  D   
Options (Right to Buy) (2) $0.75  10/1/2020    A     500000      10/1/2020  10/1/2024  Common Stock  500000  $0.00  500000  I  See footnote (2)

Explanation of Responses:
(1)  Each of these gifted options carry an exercise bonus of 90%.
(2)  On October 1, 2020, The reporting person gifted 1,000,000 of these options to the Dominic Bassani 2019 Irrevocable Trust ("Trust"). The beneficiary of 50% of the Trust (who is now the beneficial owner) is the Reporting Person's adult daughter who resides within his residence. As a result, the Reporting Person indirectly remains beneficial owner of 500,000 options. Each of these options carry an exercise bonus of 90%.

Remarks:
This Form 4 Amendment is being filed to clarify the Indirect ownership

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Bassani Dominic
C/O BRIGHT CAPITAL, LTD
64 VILLAGE HILL DRIVE
DIX HILLS, NY 11746

X CEO

Signatures
/s/ Dominic Bassani 10/8/2020
**Signature of Reporting Person Date
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