Statement of Changes in Beneficial Ownership (4)

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 ^* 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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
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
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SMITH MARK A 56 EMERY STREET #6 LONGMONT, CO 80501	X	X	President