Statement of Changes in Beneficial Ownership (4)
April 05 2021 - 6:08PM
Edgar (US Regulatory)
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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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
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1. Name and Address of Reporting Person
*
SMITH MARK A |
2. Issuer Name and Ticker or Trading Symbol
BION ENVIRONMENTAL TECHNOLOGIES INC
[
BNET
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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)
401 N. RIVERSIDE DRIVE #408 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/19/2021 |
(Street)
POMPANO BEACH, FL 33062
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/15/2021 | | A(1) | | 36000 | A | $0.50 | 189429 | D | |
Common Stock | 4/1/2021 | | A(2) | | 42786 | A | $0.50 | 232215 | D | |
Common Stock | | | | | | | | 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)
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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 CONFEB2021-1 | $0.75 | 2/19/2021 | | G (3) | | | 50000 | 3/19/2021 | 12/31/2024 | Common Stock | 50000 | $0.00 | 44715 | D | |
Warrants Class CONMAR2021-1 | $0.50 | 3/15/2021 | | A (1) | | 36000 | | 3/15/2021 | 12/31/2024 | Common Stock | 36000 | $0.00 | 36000 | D | |
Warrants Class CONMAR2021-1 | $0.50 | 3/15/2021 | | G (3) | | | 36000 | 3/15/2021 | 12/31/2024 | Common Stock | 36000 | $0.00 | 0 | D | |
Warrants Class CONAPR2021-1 | $0.50 | 4/1/2021 | | A (2) | | 42786 | | 4/1/2021 | 12/31/2024 | Common Stock | 42786 | $0.00 | 42786 | D | |
Warrants Class CONAPR2021-1 | $0.50 | 4/1/2021 | | G (3) | | | 42786 | 4/1/2021 | 12/31/2024 | Common Stock | 42786 | $0.00 | 0 | D | |
Option (right to buy) | $1.20 | 3/2/2021 | | A (4) | | 250000 | | 3/2/2021 | 12/31/2026 | Common Stock | 250000 | $0.00 | 250000 | D | |
MAS 2020 Convertible Obligation | $0.50 | 3/25/2021 | | A (5) | | 587751 | | 3/25/2021 | (6) | See footnote (7) | 0 (7) | $0.00 | 0 (7) | D | |
Explanation of Responses: |
(1) | On March 15, Mr. Smith converted $18,000 salary into 36,000 units (at recent 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 %. |
(2) | On April 1, Mr. converted $18,000 salary and $3392.65 unreimbursed expenses into 42,786 units (at recent PPM price) of $0.50 unit consisting of one share of Bion common stock and one warrant. Each of these warrants carry an exercise bonus of 75%. |
(3) | Each of these gifted warrants carry an exercise bonus of 75 %. |
(4) | Each of these options carry an exercise bonus of 75% |
(5) | On March 25, 2021 the terms 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 $1,175,502. |
(6) | Convertible Obligation Note expires on 7/1/2024 |
(7) | 2,351,004 shares & 2,351,004 warrants |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SMITH MARK A 401 N. RIVERSIDE DRIVE #408 POMPANO BEACH, FL 33062 | X | X | President |
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Signatures
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/s/ Mark A. Smith | | 4/5/2021 |
**Signature of Reporting Person | Date |
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