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) 401 N. RIVERSIDE DRIVE #408	3. Date of Earliest Transaction (MM/DD/YYYY) 2/19/2021
(Street) POMPANO BEACH, FL 33062 (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	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)*
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 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
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SMITH MARK A 401 N. RIVERSIDE DRIVE #408 POMPANO BEACH, FL 33062	X	X	President