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 * 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)
3/2/2021
(Street)
DIX HILLS, NY 11746
(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
DB 2020 Convertible Obligation ("Note")  $0.50  3/25/2021    A (1)    111196       (4)  (5) See footnote (8)  (8) $0.00  0 (8) D   
Dominic Bassani 2019 Irr Trust Convert Oblig ("Trust Note")  $0.50  3/25/2021    A (2)    717196       (6)  (7) See footnote (9)  (9) $0.00  0 (9) I  Dominic Bassani 2019 Irrevocable Trust ("Trust") 
Options (right to buy)  $1.20  3/2/2021    A (3)    250000      3/2/2021  12/31/2026  Common Stock  250000  $0.00  250000  D   

Explanation of Responses:
(1)  On March 25, 2021 the terms of the conversion of this 2020 Convertible Obligation changed to increase the issuance of warrants by one-third if and when the Reporting person chooses to convert. The balance of the Convertible Obligation with estimated interest at 3/31/21 is $332,922.
(2)  On March 25, 2021 the terms of the conversion of this 2020 Convertible Obligation (Trust Note) changed to increase the issuance of warrants by one third if and when the Reporting person chooses to convert.. The balance of the Trust Note with estimated interest at 3/31/21 is $2,147,290. The beneficiary of 50% of the Trust is the Reporting Person's adult daughter who resides within his residence.
(3)  Each of these options carry an exercise bonus of 75%
(4)  Convertible Obligation Note began on 1/1/2020
(5)  Convertible Obligation Note expires on 7/1/2024
(6)  The Dominic Bassani 2019 Irrevocable Trust Convertible Obligations (Trust Note) began on 1/29/20
(7)  The Dominic Bassani 2019 Irrevocable Trust Convertible Obligations (Trust Note) expires on 7/1/2024
(8)  665,844 shares & 444,118 warrants
(9)  4,294,581 shares & 2,864,486 warrants

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 4/5/2021
**Signature of Reporting Person Date
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