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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
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 * SMITH MARK A 2. Issuer Name and Ticker or Trading Symbol BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)         (First)         (Middle)
56 EMERY STREET #6
3. Date of Earliest Transaction (MM/DD/YYYY)
8/1/2020
(Street)
LONGMONT, CO 80501
(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
Common Stock  8/1/2020    G(1)    200000  D $0.00  33776  D   
Common Stock  12/21/2020    A(2)    24938  A $0.50  58714  D   
Common Stock  2/19/2021    A(3)    94715  A $0.50  153429  D   
Common Stock  2/19/2021    A(4)    100001  A $0.50  226001  I  Lotaylingkyur LLC 
Common Stock  8/1/2020    G(5)    75000  D $0.00  151001  I  Lotaylingkyur LLC 
Common Stock                 53756  I  Wife IRA 
Common Stock                 62535  I  MAS IRA 
Common Stock                 12681  I  Lotaylingkyur Foundation 

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
Warrants Class DECCONUT-1   (2) 12/21/2020    A (2)    24938      12/21/2020  12/31/2024  Common Stock  24938  $0.00  24938  D   
Warrants Class FEBCONUT-1   (3) 2/19/2021    A (3)    94715      2/19/2021  12/31/2024  Common Stock  94715  $0.00  94715  D   
Warrant Class FEBCONUT-1   (4) 2/19/2021    A (4)    100001      2/19/2021  12/31/2024  Common Stock  100001  $0.00  100001  I  Lotaylingkyur LLC 

Explanation of Responses:
(1)  Between the periods of 8/1/20 and Feb 19, 2021 Mr. Smith gifted/donated 200,000 shares of common stock to various persons and entities.
(2)  On 12/21/20, Mr. Smith converted expenses payable of $12,468.82 into 24,938 units (at current PPM price) of $0.50 per unit consisting of one share of Bion common stock and one warrant. Each of these warrants carry an exercise bonus of 75 percent.
(3)  On February 19, 2021, Mr. Smith converted converted $47,357.10 of his deferred comp into 94,715 units (at current PPM price) of $0.50 per unit consisting of one share of Bion Common Stock and one warrant. Each of these warrants carry an exercise bonus of 75 percent.
(4)  On February 19, 2021 Mr. Smith converted $7658.27 expenses payable, $1000.95 accrued interest and $41,340.78 of deferred comp into 100,001 units (at current PPM price) of $0.50 per unit. These units are registered to Lotaylingkyur LLC which is owned by Mr. Smith and his wife. Each of these warrants carry an exercise bonus of 75 percent.
(5)  Between the periods of 8/1/20 and Feb 19,2021 Lotaylingkyur LLC gifted/donated 75,000 shares of common stock to various persons and entities

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SMITH MARK A
56 EMERY STREET #6
LONGMONT, CO 80501
X X President

Signatures
/s/ Mark A. Smith 2/26/2021
**Signature of Reporting Person Date
Bion Environmental Techn... (QB) (USOTC:BNET)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Bion Environmental Techn... (QB) Charts.
Bion Environmental Techn... (QB) (USOTC:BNET)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Bion Environmental Techn... (QB) Charts.