0001079973-24-001041.txt : 20240709 0001079973-24-001041.hdr.sgml : 20240709 20240709153714 ACCESSION NUMBER: 0001079973-24-001041 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240709 DATE AS OF CHANGE: 20240709 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bassani Dominic CENTRAL INDEX KEY: 0000929535 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19333 FILM NUMBER: 241107400 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] 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 2024-06-30 0 0000875729 BION ENVIRONMENTAL TECHNOLOGIES INC BNET 0000929535 Bassani Dominic C/O BRIGHT CAPITAL, LTD 64 VILLAGE HILL DRIVE DIX HILLS NY 11746 0 0 1 0 0 Common Stock 1444968 I Dominic Bassani Estate Convertible Deferred Compensation 0.75 2024-06-30 4 J 0 300000 0.00 D Common Stock 400000 0 I By Estate Convertible Deferred Compensation 0.95 2024-06-30 4 J 0 352252 0.00 D Common Stock 370792 0 I By Estate Options (right to buy) 0.75 2024-06-30 4 J 0 3025000 0.00 D Common Stock 3025000 0 I By Estate Adjusted 2015 Replacement Note 2 0.115 2024-06-30 4 J 0 17733.92 0.00 D Common Stock 154208 68754 I By Estate Warrants 0.75 Common Stock 475000 475000 I By Estate and Linda Bassani Warrants (CAP2017) 0.75 Common Stock 740000 740000 I By Estate and Linda Bassani 2020 Convertible Collateral Note 0.50 Common Stock 747998 747998 I By Estate 2020 Convertible Collateral Note 0.50 Warrants 493679 493679 I By Estate 2015 Replacement Note 1 0.60 Common Stock 273638 273638 I By Estate The holdings of Danielle Lominy 0.50 See Note 747998 I By Estate On November 11, 2023, Dominic Bassani (The Company's COO) passed away (see 8k filed 11/15/2023) leaving his ownership in Bion securities to his spouse, Linda Bassani, who is the executor of the Dominic Bassani Estate "DB Estate". On June 30, 2024 the "DB Estate" voluntarily surrendered 770,792 shares that would have been issued as the result of the conversion of $652,252.15 of deferred compensation. $300,000 was convertible @ $.75/share and $352,252.15 was convertible @ $.95 under the terms of his agreement. On June 30, 2024, the DB Estate voluntarily surrendered 3,025,000 options with exercise prices ranging from $.75 to $ 1.20 and with a price adjustment ranging from 75% to 90%. These options had expiration dates from 1/15/2025 to 12/31/2026. On June 30, 2024, the DB Estate voluntarily surrendered $17,733.92 of the Adjusted 2015 Replacement Note # 2 balance which was convertible into 154,208 shares of common stock at $.115. The balance of the note after this transaction is $7,906.66 which is convertible into 68,754 shares of common stock under the same terms. The maturity date of this note is 1/15/2025. As of June 30, 2024, the DB Estate owns 325,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 150,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 75%. As of June 30, 2024, the DB Estate owns 640,000 warrants @ $.75 until 1/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 1/15/2025. These warrants carry a potential price adjustment of 90%. As of June 30, 2024, the DB Estate is the owner of the 2020 Convertible Collateral Note with a balance of $373,998.60 which is convertible into 747,998 shares and 493,679 warrants. The maturity date of this convertible note is 1/15/2025. As of June 30, 2024 the DB Estate is the owner of the 2015 Replacement Note #1 with a balance of $164,182.66. This note is convertible into 273,638 shares. The maturity date of this convertible note is 1/15/2025. Included in the holdings of the DB Estate are all the securities held (directly and indirectly) by Danielle Lominy, the adult daughter of Linda Bassani who resides within Linda Bassani's residence. See Form 4 filing of 7/2/2024 for Danielle Lominy. /s/ Linda Bassani Individually and on the behalf of the Dominic Bassani Estate 2024-07-08