0001079973-24-000233.txt : 20240214
0001079973-24-000233.hdr.sgml : 20240214
20240214120005
ACCESSION NUMBER: 0001079973-24-000233
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240123
FILED AS OF DATE: 20240214
DATE AS OF CHANGE: 20240214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SMITH MARK A
CENTRAL INDEX KEY: 0001168243
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-19333
FILM NUMBER: 24634733
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]
ORGANIZATION NAME: 08 Industrial Applications and Services
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
X0508
4
2024-01-23
0
0000875729
BION ENVIRONMENTAL TECHNOLOGIES INC
BNET
0001168243
SMITH MARK A
500 MOHAWK DRIVE #108
BOULDER
CO
80303
1
1
1
0
President
0
Common Stock
2024-01-23
4
M
0
2439426
0.00
A
4416255
D
Common Stock
2024-01-23
4
M
0
85354
0.00
A
85354
I
Lotaylingkyur LLC
Common Stock
53756
I
Wife IRA
Common Stock
62535
I
MAS IRA
Common Stock
12681
I
Lotaylingkyur Foundation
2020 Non Adjusted Convertible Obligation
0.50
Common Stock
237464
237464
D
Deferred Compensation
0.75
Common Stock
93934
93934
D
Class CAP2017 Warrants
0.75
2024-01-23
4
M
0
300000
0.00
D
Common Stock
0
D
Class MAS Various Warrants
0.75
2024-01-23
4
M
0
1600487
0.00
D
Common Stock
0
D
Class MAS Various Warrants
0.75
2024-01-23
4
M
0
106500
0.00
D
Common Stock
0
D
Class MAS Various Warrants
0.75
2024-01-23
4
M
0
820209
0.00
D
Common Stock
0
D
Class FEB2021-2
0.75
2024-01-23
4
M
0
100001
0.00
D
Common Stock
0
I
Lotaylingkyur Inc.
Options (Right to Buy)
Common Stock
2425000
2425000
D
On January 23, 2024 Mr. Smith and his spouse elected to exercise 2,827,196 warrants at an exercise price of $.75/warrant with price adjustments ranging from 75% to 90% which will result in the issuance of 2,439,426 shares of common stock. These warrants were exercised using the cashless exercise option. The administrative process involved in these exercises/issuances has been long and extended and none of the shares have been issued and delivered as of the date of filing this report. Details regarding these exercises are set forth in the notes below.
On January 23, 2024 100,001 warrants registered to Lotaylingkyur, Inc. (controlled by Mr. & Mrs. Smith) were exercised at a price of $.75/warrant (with a 75% price adjustment), and 85,354 shares of common stock were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).
As of December 31, 2023, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $118,731.68 convertible into 237,464 units (each unit consisting of one share and one warrant exercisable at $.75/warrant). Each warrant will include the potential to have a price adjustment of 75%.
As of December 31, 2023, the balance of deferred compensation owed to Mr. Smith was $70,450 (convertible into 93,934 shares of common stock at $0.75 per share).
On January 23, 2024, Mr. Smith exercised 300,000 Class CAP2017 warrants were exercised @ $.75/warrant (with a price adjustment of 90%) and 282, 422 shares of restricted stock were issued.
On January 23, 2024, 1,600,487 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 1,366,042 shares were issued (under Bion's S-8 from the S-8 Registration Statement and 2006 Incentive Plan).
On January 23, 2024, 106,500 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 90,900 shares of restricted stock were issued.
On January 23, 2024, 820,209 Class MAS various warrants registered to Mr. Smith's spouse were exercised at $0.75 (with a price adjustment of 75%) and 700,062 shares were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).
These options are comprised of various classes and various exercise of prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.
/s/ Mark A. Smith
2024-02-14