0001079973-20-000148.txt : 20200303
0001079973-20-000148.hdr.sgml : 20200303
20200303181913
ACCESSION NUMBER: 0001079973-20-000148
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191118
FILED AS OF DATE: 20200303
DATE AS OF CHANGE: 20200303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bassani Dominic
CENTRAL INDEX KEY: 0000929535
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19333
FILM NUMBER: 20684528
MAIL ADDRESS:
STREET 1: C/O BRIGHT CAPITAL, LTD.
STREET 2: 64 VILLAGE HILLS DRIVE
CITY: DIX HILLS
STATE: NY
ZIP: 11746
FORMER NAME:
FORMER CONFORMED NAME: BASSANI DOMINIC
DATE OF NAME CHANGE: 19940902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BION ENVIRONMENTAL TECHNOLOGIES INC
CENTRAL INDEX KEY: 0000875729
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870]
IRS NUMBER: 841176672
STATE OF INCORPORATION: CO
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: C/O BOX 566
STREET 2: 1774 SUMMITVIEW WAY
CITY: CRESTONE
STATE: CO
ZIP: 81131
BUSINESS PHONE: (212) 758-6622
MAIL ADDRESS:
STREET 1: C/O BOX 566
STREET 2: 1774 SUMMITVIEW WAY
CITY: CRESTONE
STATE: CO
ZIP: 81131
FORMER COMPANY:
FORMER CONFORMED NAME: RSTS CORP
DATE OF NAME CHANGE: 19930328
4/A
1
ownership.xml
X0306
4/A
2019-11-18
2019-11-22
0
0000875729
BION ENVIRONMENTAL TECHNOLOGIES INC
BNET
0000929535
Bassani Dominic
C/O BRIGHT CAPITAL, LTD
64 VILLAGE HILL DRIVE
DIX HILLS
NY
11746
0
1
1
0
CEO
DB 2015 Convertible Note ("Old Note")
0.50
2019-11-18
4
A
0
400000
0.00
A
Common Stock
1788585
D
2020 Convertible Obligation
0.50
2020-01-29
4
G
0
2044259.78
0.00
D
See Note
0.00
0
D
2020 Convertbile Obligation ("Note")
0.50
2020-01-29
4
A
0
1022129.80
0.00
A
See note
0.00
0
I
See note
The previous gift of $400,000 principal amount of the Old Note reported on Form 4 filed 11/21/2019 was never completed and the gift was cancelled/reversed. This Form 4A is being filed in part to reflect said reversal of the reported transaction. The DB 2015 Convertible Note was convertible into units @$0.50 into restricted securities consisting of 3,749,267 shares and 1,874,634 warrants. On January 1, 2020 the Old Note was consolidated into the 2020 Convertible Obligation ('Note') with other items owed to the Reporting Person by the Company.
On January 29,2020, $2,044,259.78 (the full balance) of the Note owned by Reporting Person was gifted to the Dominic Bassani 2019 Irrevocable Trust ('Trust'). The beneficiary of 50% of the Trust (who is now the beneficial owner of $1,022,129.80 of the Note) is the Reporting Person's adult daughter who resides within his residence. The balance of the Note after gifts is $2,044,259.78 (which is convertible @$.50/into units of BNET restricted securities consisting of one share and 1/2 warrant). As a result, the Reporting Person indirectly remains beneficial owner of $1,022,129.80 of the Trust Note (as the beneficiary resides within his residence).
4,088,520 shares and 2,044,260 warrants.
2,044,260 shares and 1,022,130 warrants.
/s/ Dominic Bassani
2020-03-03