SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 09/30/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | 09/30/2019 | G(1) | 200,000 | D | $0.00 | 115,809 | D | |||
Common Stock | 11/15/2019 | A(2) | 143,316 | A | $0.5 | 259,125 | D | |||
Common Stock | 11/15/2019 | G(3) | 100,000 | D | $0.00 | 159,125 | D | |||
Common Stock | 09/30/2019 | G(4) | 200,000 | D | $0.00 | 60,000 | I | Lotaylingkyur LLC | ||
Common Stock | 11/15/2019 | A(3) | 100,000 | A | $0.00 | 160,000 | I | Lotaylingkyur LLC | ||
Common Stock | 53,756 | I | Wife IRA | |||||||
Common Stock | 62,535 | I | MAS IRA | |||||||
Common Stock | 12,681 | I | Lotaylingkyur Foundation |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 CONUT2019 | $0.75 | 11/15/2019 | A | 143,316 | 11/15/2019 | 12/31/2020 | Common Stock | 143,316 | $0.00 | 143,316 | D | ||||
Warrants Class MAS4-1 | $1.5 | 11/15/2019 | G(5) | 39,225 | 11/15/2019 | 12/31/2022 | Common Stock | 39,225 | $0.00 | 25,775 | D | ||||
Warrants MAS5-1 | $1.5 | 11/15/2019 | G(5) | 125,000 | 11/15/2019 | 12/31/2022 | Common Stock | 125,000 | $0.00 | 0 | D | ||||
Warrant Class MASCON-2 | $1.5 | 11/15/2019 | G(5) | 235,775 | 11/15/2019 | 12/31/2022 | Common Stock | 235,775 | $0.00 | 0 | D |
Explanation of Responses: |
1. Between the periods of 9/30/19 and 11/1/19, Mr. Smith and his wife gifted 200,000 shares of common stock to various persons and entities. |
2. On November 15, 2019, Mr. Smith converted his expenses payable of $52,830, accrued interest of $3,828 and loan balance of $15,000 into 143,316 units (at current PPM price) of $.50 per unit consisting of one share of Bion common stock and one warrant. |
3. (On November 15, 2019, Mr. Smith gifted 100,000 shares to Lotaylingkyur LLC which is owned by Mr. Smith and his wife |
4. Between the periods of 9/30/19 and 11/1/19 Lotaylingkyur LLC which is owned by Mr. Smith and his wife gifted 200,000 shares of common stock to various persons and entities. |
5. Each of these gifted warrants carry an exercise bonus of 75 percent |
/s/ Mark A. Smith | 11/18/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |