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