Key facts
- This page summarizes Christopher B. Parlow's Form 4 filing for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 27 Feb 2023, 20:41.
Christopher B. Parlow - 01 Feb 2023 Form 4 Insider Report for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- BNET
- Reported as of
- 01 Feb 2023
- Net transaction value
- -$918,554
- SEC form
- 4
- Accepted by SEC
- 27 Feb 2023, 20:41:55 UTC
- Next SEC filing
- 03 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christopher B. Parlow
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Christopher B. Parlow filed Form 4 for BION ENVIRONMENTAL TECHNOLOGIES INC (BNET) on 27 Feb 2023.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$918,554.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BNET
transaction
Derivative
2020 Trust Convertible Obligation
Disposed to Issuer
- Transaction value
- $1,148,193
- Shares
- Change %
- Price
- Shares after
- $0
- Date
- 01 Feb 2023
- Ownership
- By D. Bassani 2019 Irrevocable Trust Convertible Note
- Underlying class
- See footnote
- Underlying amount
- $0
- Exercise price
- $0.5000
- Footnotes
- F1
BNET
transaction
Derivative
Adjusted 2020 Trust Convertible Obligation
Award
- Transaction value
- $229,639
- Shares
- Change %
- Price
- Shares after
- $229,639
- Date
- 01 Feb 2023
- Ownership
- By D. Bassani 2019 Irrevocable Trust Convertible Note
- Underlying class
- See footnote
- Underlying amount
- $229,639
- Exercise price
- $0.0953
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
On February 1, 2023, the principal of most of the 2020 Convertible Obligation of $2,296,385,10 was adjusted down by 80%. At the end of the maturity date of July 1, 2024 the balance of the 2020 Convertible Obligation would be $2,412,226.54 and would be convertible into 4, 824, 453 units of BNET restricted securities consisting of 4,824,453 shares and 3,217,911 warrants @ $.75 each exerciseable through three years after the conversion date. Each of these warrants carry an exercise bonus of 75%. The reporting person is beneficiary of 50% of the Trust.
Footnote F2
The principal note balance 'Adjusted 2020 Trust Convertible Obligation' will not accrue interest until the maturity date of July 1, 2024 with conversion terms of $.0953 replacing the prior conversion terms of $.50. This change will yield equity slightly less than the unadjusted 2020 Convertible Obligation would have received if converted on the maturity date. The balance of the Adjusted 2020 Convertible Obligation is $459,277.02 and is convertible into 4,819,277 units of BNET restricted securities consisting of 4,819,277 shares and 3,214,458 warrants @ $.75 each exerciseable through three years after the conversion date. Each of these warrants carry an exercise bonus of 75%. As 50% beneficiary of the Trust, the reporting person indirectly owns $229,638.51 of the Adjusted 2020 Trust Convertible Obligation.