Mark A. Smith - 01 Sep 2022 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
/s/ Mark A. Smith
Issuer symbol
BNET
Transactions as of
01 Sep 2022
Net transactions value
-$10,000
Form type
4
Filing time
13 Sep 2022, 13:23:41 UTC
Previous filing
18 Jul 2022
Next filing
05 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 +60,000 +21% $0.000000 348,077 01 Sep 2022 Direct F1
transaction BNET Common Stock Gift $0 -60,000 -16% $0.000000 324,077 06 Sep 2022 Direct F2
holding BNET Common Stock 53,756 01 Sep 2022 Wife IRA
holding BNET Common Stock 62,535 01 Sep 2022 MAS IRA
holding BNET Common Stock 100,001 01 Sep 2022 Lotaylingkyur LLC F7
holding BNET Common Stock 12,681 01 Sep 2022 Lotaylingkyur Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BNET 2020 Convertible Obligation Award $20,000 $1,351,983 01 Sep 2022 Common Stock $20,000 $0.5000 Direct F3
transaction BNET 2020 Convertible Obligation Disposed to Issuer $30,000 $1,321,983 06 Sep 2022 Common Stock $30,000 $0.5000 Direct F1
transaction BNET Class SEPTCON Warrants Award $0 +60,000 $0.000000 60,000 06 Sep 2022 Common Stock 60,000 $1.00 Direct F1
transaction BNET Class SEPTCON Warrants Gift $0 -60,000 -100% $0.000000* 0 06 Sep 2022 Common Stock 60,000 $1.00 Direct F1, F4
holding BNET Various Classes 1,271,944 01 Sep 2022 Common Stock 1,271,944 Direct F5
holding BNET Options (right to buy) 2,425,000 01 Sep 2022 Common Stock 2,425,000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2022, Mr. Smith converted $30,000 of principal from his 2020 Convertible note into 60,000 Units; each unit consisting of one share and one warrant with the exercise price of $1.00 until 9/1/2025. Each of these warrants carry an exercise bonus of 75%.
F2 On September 6, 2022, Mr. Smith gifted/donated 60,000 shares to various nonprofit entities and/or family members.
F3 On September 1, 2022, Mr. Smith transferred $20,000 of deferred compensation to his 2020 Convertible Note. The Balance of the 2020 Convertible Note of $1,321,983.26 is convertible into 2,643,967 units; each unit consisting of one share and one warrant with the exercise price of $1.00 until 9/1/2025 (after the transactions described in this Form 4). Each of these warrants carry an exercise bonus of 75%.
F4 On September 6, 2022, Mr. Smith gifted/donated 60,000 warrants to various nonprofit entities and/or family members. Each of these warrants carry an exercise bonus of 75%.
F5 As of September 6, 2022 Mr. Smith is the direct owner of 1,271,944 underlying warrants. These warrants are comprised of various classes, various prices, exercisable dates ranging from 2017 to 2022, expiration dates ranging from 2024 to 2025 and exercise bonus terms ranging from 75% to 90%.
F6 As of September 6, 2022 Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes, various prices, exercisable dates ranging from 2018 to 2022, expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.
F7 Lotaylingkyur LLC is controlled by Mr. Smith and his wife.