Mark A. Smith - Sep 1, 2022 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)

Role
President, Director, 10%+ Owner
Signature
/s/ Mark A. Smith
Stock symbol
BNET
Transactions as of
Sep 1, 2022
Transactions value $
-$10,000
Form type
4
Date filed
9/13/2022, 01:23 PM
Previous filing
Jul 18, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNET Common Stock Award $0 +60K +20.83% $0.00 348K Sep 1, 2022 Direct F1
transaction BNET Common Stock Gift $0 -60K -15.62% $0.00 324K Sep 6, 2022 Direct F2
holding BNET Common Stock 53.8K Sep 1, 2022 Wife IRA
holding BNET Common Stock 62.5K Sep 1, 2022 MAS IRA
holding BNET Common Stock 100K Sep 1, 2022 Lotaylingkyur LLC F7
holding BNET Common Stock 12.7K Sep 1, 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 $20K $1.35M Sep 1, 2022 Common Stock $20K $0.50 Direct F3
transaction BNET 2020 Convertible Obligation Disposed to Issuer -$30K $1.32M Sep 6, 2022 Common Stock $30K $0.50 Direct F1
transaction BNET Class SEPTCON Warrants Award $0 +60K $0.00 60K Sep 6, 2022 Common Stock 60K $1.00 Direct F1
transaction BNET Class SEPTCON Warrants Gift $0 -60K -100% $0.00* 0 Sep 6, 2022 Common Stock 60K $1.00 Direct F1, F4
holding BNET Various Classes 1.27M Sep 1, 2022 Common Stock 1.27M Direct F5
holding BNET Options (right to buy) 2.43M Sep 1, 2022 Common Stock 2.43M 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.