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