Bion Environmental (BNET) Form 3 BION ENVIRONMENTAL / Christopher B. Parlow ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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^*

Parlow Christopher B.

(Last) (First) (Middle)

23 LONGBOW DRIVE

(Street)

COMMACK NY 11725

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/03/2019

3. Issuer Name and Ticker or Trading Symbol
BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,005	D
Common Stock	250,000	I	By Christopher Parlow Trust
Common Stock	65,000	I	Jointly with wife
Common Stock	30,000	I	By minor daughter
Common Stock	20,000	I	By minor daughter

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants CAP2017	02/26/2018	12/31/2020	Common Stock	150,000	0.75	D
Warrants A-2*	05/15/2005	12/31/2022	Common Stock	60,000	1.5	I	With Wife
Warrants DB-1-A*	01/11/2009	12/31/2022	Common Stock	40,000	0.75	I	With Wife
Warrants COVWAR	01/01/2015	12/31/2022	Common Stock	47,154	1	I	With Wife
Warrants SVDB	08/31/2003	12/31/2022	Common Stock	234,000	1.5	I	By Christopher Parlow Trust
Warrants A-1-2*	05/15/2005	12/31/2022	Common Stock	100,000	1.5	I	By Christopher Parlow Trust
Warrants DB-1a	02/20/2004	12/31/2022	Common Stock	600,000	1	I	By Christopher Parlow Trust
Warrants DB-1AB	01/11/2009	12/31/2022	Common Stock	200,000	0.75	I	By Christopher Parlow Trust
Warrants DB-2A-1*	09/30/2009	12/31/2022	Common Stock	350,000	1.5	I	By Christopher Parlow Trust
Warrants BNET 2-2	06/01/2011	12/31/2022	Common Stock	30,000	1.5	I	By Christopher Parlow Trust
Warrants DB-3	11/09/2016	12/31/2022	Common Stock	100,000	1	I	By Christopher Parlow Trust
Warrants DBEXT-2	07/15/2012	12/31/2022	Common Stock	50,000	1.5	I	By Daughters
Warrants DB-CON 2	12/31/2013	12/31/2022	Common Stock	65,476	1.5	I	By Daughters
Warrants COVWAR	01/01/2015	12/31/2022	Common Stock	141,458	1	I	By Daughters
Warrants CAP2017	11/07/2017	12/31/2020	Common Stock	250,000	0.75	I	By Daughters
Warrants DB 2019 Irrevocable Trust	03/25/2019	06/30/2025	Common Stock	1,500,000	0.6	I	By D. Bassani 2019 Irrevocable Trust

Explanation of Responses:

Remarks:

Reporting Person is beneficiary of 1,500,000 warrants held in the Dominic Bassani 2019 Irrevocable Trust. These warrants do not carry an exercise bonus. The 400,000 Class CAP2017 carry an exercise bonus of 90 percent and the remaining 2,018,088 warrants (with terms as set forth above) carry an exercise bonus of 75 percent. Total number of warrants owned by reporting person (directly and indirectly) is 3,918,088.

	/s/ Christopher B. Parlow	04/10/2019
	** 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 5 (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).
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