0001079973-21-001241.txt : 20211215 0001079973-21-001241.hdr.sgml : 20211215 20211215140451 ACCESSION NUMBER: 0001079973-21-001241 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211215 DATE AS OF CHANGE: 20211215 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SMITH MARK A CENTRAL INDEX KEY: 0001168243 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19333 FILM NUMBER: 211493866 MAIL ADDRESS: STREET 1: 641 LEXINGTON AVENUE STREET 2: 17TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 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: PO BOX 323 CITY: OLD BETHPAGE STATE: NY ZIP: 11804 BUSINESS PHONE: (212) 758-6622 MAIL ADDRESS: STREET 1: PO BOX 323 CITY: OLD BETHPAGE STATE: NY ZIP: 11804 FORMER COMPANY: FORMER CONFORMED NAME: RSTS CORP DATE OF NAME CHANGE: 19930328 4 1 ownership.xml X0306 4 2021-09-30 0 0000875729 BION ENVIRONMENTAL TECHNOLOGIES INC BNET 0001168243 SMITH MARK A 401 N. RIVERSIDE DRIVE #408 POMPANO BEACH FL 33062 1 1 1 0 President Common Stock 2021-10-15 4 G 0 32000 0.00 D 309722 D Common Stock 2021-12-08 4 A 0 25171 0.00 A 334893 D Common Stock 2021-12-10 4 D 0 50816 0.00 D 284077 D Common Stock 53756 I Wife IRA Common Stock 62535 I MAS IRA Common Stock 2021-10-15 4 G 0 40000 0.00 D 113432 I Lotaylingkyur LLC Common Stock 2021-12-10 4 D 0 13431 0.00 D 100001 I Lotaylingkyur LLC Common Stock 12681 I Lotaylingkyur Foundation 2020 Cnvertible Obligatioin 0.50 2021-09-30 4 D 0 162000 0.00 D Common Stock 216000 1266048.60 D 2020 Convertible Obligation 0.50 2021-12-07 4 A 0 36000 0.00 A Common Stock 36000 1302048.60 D Class MASSEXTAUG Warrants 0.60 2021-11-25 4 G 0 300000 0.00 D Common Stock 300000 0 D Class Warrants 0.75 2021-12-08 4 A 0 25171 0.00 A Common Stock 25171 1271944 D Options (right to buy) Common Stock 2225000 2225000 D On the advice of the Company's auditing firm, the amount of salary added to the 2020 Convertible Obligation was reduced by $162,000. The amount as originally added and reported on Form 4 filed on July 30, 2021 was $216,000 based on pre-payment of Mr. Smith's compensation though the June 30, 2022 end of fiscal year. On 12/7/2021 $36,000 of Mr. Smith's salary was added to his 2020 Convertible Note. The balance of the 2020 Obligation of $1,302,048.60 is convertible into 2,604,098 shares of common stock and 2,604,098 warrants to purchase one share of common stock. On November 25, 2021 Mr. Smith gifted/donated 300,000 warrants to grandchildren and non-profit entities. Each of these gifted warrants carries an exercise bonus of 75 %. Between Oct 15 through Dec 12, 2021 32,000 shares of common stock were gifted to various individuals by Mark and Kelly Smith. On December 8, 2021 Mr. Smith converted $12,585.23 unreimbursed expenses into 25,171 units (at most 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%. The warrants are exercisable at $0.75/warrant until 12/31/2024. The total number of warrants owned by Mr. Smith after this transaction is a combination of various classes, exercise prices and exercise bonuses. The net reduction in the amount of 50,816 shares of common stock is due to booking errors made by Millennium Trust from dates commencing no later than January 2020. Between Oct 15 through Dec 12, 2021, 40,000 shares of common stock were gifted by Lotaylingkyur LLC which is controlled by Mr. Smith and his wife. The net reduction in the amount of 13,431 shares of common stock is due to booking errors made by Millennium Trust from dates commencing no later than January 2020 The total number of granted options to Mr. Smith as of this date represents various exercise prices of $0.60 to $1.20 and exercise bonus terms. /s/ Mark A. Smith 2021-12-15