SEC Form 4 · accession 0000948830-15-000008
BION ENVIRONMENTAL TECHNOLOGIES INC · BNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Smith
Officer — President · Director · 10% Owner
Period of report
Jan 15, 2015
Accepted (ET)
Jan 20, 2015 · 12:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875729
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2015 | A | 75,000 | $0.00 | A | 905,701 | D | |
| Common Stock | Jan 15, 2015 | A | 35,775 | $0.00 | A | 941,476 | D | |
| Common Stock | holding | — | — | — | 53,756 | I | By Wife | |
| Common Stock | holding | — | — | — | 62,681 | I | By Lataylingkyur Fdn | |
| Common Stock | holding | — | — | — | 20,834 | I | Jointly with Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to Purchase Common StockF2 | $2.50 | Jan 15, 2015 | C | 35,775 | A | Jan 15, 2015 | Dec 31, 2018 | Common Stock | 35,775 | 35,775 | D |
Explanation of responses
- F1The Company issued the 75,000 shares as a bonus to Mr. Smith relating to the 2012 extension of his employment agreement with the Company.
- F2On January 15, 2015, Mr. Smith added $16,098.60 of accrued expenses to his convertible note and then converted $16,098.60 of his convertible note at $.45 per share into 35,775 Units, each unit consisting of 1 share of common stock and one warrant, each warrant exercisable at $2.50 per share until December 31, 2018.