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

Reporting relationship: President, Director, 10%+ Owner
Issuer ticker: BNET
Reported as of: 01 Sep 2022
Net transaction value: -$10,000
SEC form: 4
Accepted by SEC: 13 Sep 2022, 13:23:41 UTC
Prior SEC filing: 18 Jul 2022
Next SEC filing: 05 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Mark A. Smith

Key filing fact

Mark A. Smith filed Form 4 for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET) on 13 Sep 2022.

Key facts

This page summarizes Mark A. Smith's Form 4 filing for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET).
6 reported transactions and 6 derivative rows are listed below.
Accepted by SEC: 13 Sep 2022, 13:23.

Change

Previous filing in this sequence was filed on 18 Jul 2022.
Current net transaction value: -$10,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BNET transaction

Common Stock

Award

Transaction value: $0
Shares: +60,000
Change %: +21%
Price: $0.000000
Shares after: 348,077
Date: 01 Sep 2022
Ownership: Direct
Footnotes: F1

BNET transaction

Common Stock

Gift

Transaction value: $0
Shares: -60,000
Change %: -16%
Price: $0.000000
Shares after: 324,077
Date: 06 Sep 2022
Ownership: Direct
Footnotes: F2

BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 53,756
Date: 01 Sep 2022
Ownership: Wife IRA

BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 62,535
Date: 01 Sep 2022
Ownership: MAS IRA

BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 100,001
Date: 01 Sep 2022
Ownership: Lotaylingkyur LLC
Footnotes: F7

BNET holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 12,681
Date: 01 Sep 2022
Ownership: Lotaylingkyur Foundation

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BNET transaction Derivative

2020 Convertible Obligation

Award

Transaction value: $20,000
Shares
Change %
Price
Shares after: $1,351,983
Date: 01 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: $20,000
Exercise price: $0.5000
Footnotes: F3

BNET transaction Derivative

2020 Convertible Obligation

Disposed to Issuer

Transaction value: $30,000
Shares
Change %
Price
Shares after: $1,321,983
Date: 06 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: $30,000
Exercise price: $0.5000
Footnotes: F1

BNET transaction Derivative

Class SEPTCON Warrants

Award

Transaction value: $0
Shares: +60,000
Change %
Price: $0.000000
Shares after: 60,000
Date: 06 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 60,000
Exercise price: $1.00
Footnotes: F1

BNET transaction Derivative

Class SEPTCON Warrants

Gift

Transaction value: $0
Shares: -60,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 06 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 60,000
Exercise price: $1.00
Footnotes: F1, F4

BNET holding Derivative

Various Classes

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,271,944
Date: 01 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,271,944
Exercise price
Footnotes: F5

BNET holding Derivative

Options (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,425,000
Date: 01 Sep 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,425,000
Exercise price
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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%.

Footnote F2

On September 6, 2022, Mr. Smith gifted/donated 60,000 shares to various nonprofit entities and/or family members.

Footnote 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%.

Footnote 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%.

Footnote 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%.

Footnote 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%.

Footnote F7

Lotaylingkyur LLC is controlled by Mr. Smith and his wife.