Mark A. Smith - Jul 16, 2021 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
/s/ Mark Smith
Stock symbol
BNET
Transactions as of
Jul 16, 2021
Transactions value $
$216,000
Form type
4
Date filed
7/30/2021, 05:22 PM
Previous filing
Jun 30, 2021
Next filing
Sep 1, 2021

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 $216K $1.4M Jul 16, 2021 Common Stock 216K $0.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to previously granted rights, effective 7/16/2021, Mr. Smith's annual salary of $216,000 for the fiscal year 2022 was added to his 2020 Convertible Obligation (balance of $1,186,926 as of 7/15/21 prior to the addition). As of 7/16/2021, the balance is $1,402,926 and is convertible into 2,805,852 shares of common stock and 2,805,852 warrants to purchase one share of common stock.