0001437904-12-000022.txt : 20120404 0001437904-12-000022.hdr.sgml : 20120404 20120404130618 ACCESSION NUMBER: 0001437904-12-000022 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120330 FILED AS OF DATE: 20120404 DATE AS OF CHANGE: 20120404 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bassani Dominic CENTRAL INDEX KEY: 0000929535 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19333 FILM NUMBER: 12740983 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 1 primary_doc.xml PRIMARY DOCUMENT X0305 4 2012-03-30 0 0000875729 BION ENVIRONMENTAL TECHNOLOGIES INC BNET 0000929535 Bassani Dominic C/O BRIGHT CAPITAL, LTD. 64 VILLAGE HILLS DRIVE DIX HILLS NY 11746 0 1 1 0 Chief Executive Officer Warrants to Purchase Common Stock 3.1 2012-03-30 4 P 0 60000 0 A 2012-03-31 2014-12-31 Common Stock 30000 60000 D Deferred Compensation Obligation 2012-03-30 4 J 0 0 0 A 2012-03-31 2016-12-31 Common Stock 0 D Warrants were issued pursuant to the terms of an investment made during May 2011 which provided that investors in the earlier offering would have the option to receive warrants in the Issuer's next unit offering for no consideration. As of March 30, 2012, Mr. Bassani was entitled to $290,160 of deferred compensation. Mr. Bassani and the Company have agreed that this amount will bear interest at 8%, will be due on January 15, 2014, and together with accrued interest, will be convertible at Mr. Bassani's election into units with each unit consisting of 1 share of common stock and 1 warrant exercisable at $2.50 per share until December 31, 2016. The conversion price will be the lower of $2.50 per unit and the lowest price at which the Company issues its common stock during the period commencing on April 1, 2012 and ending on January 15, 2014. The exercise price of any warrants issued and the conversion price of any convertible securities issued during this period will count as the issuance of common stock. /s/ Dominic Bassani 2012-04-03