SEC Form 4 · accession 0000948830-15-000024

BION ENVIRONMENTAL TECHNOLOGIES INC · BNET

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President · Director · 10% Owner

Period of report

Jan 15, 2015

Accepted (ET)

Feb 13, 2015 · 2:30 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	G	50,000	$0.00	D	891,476	D
Common Stock	Jan 31, 2015	A	12,562	$0.00	A	904,038	D
Common Stock	Jan 31, 2015	A	200,000	$0.00	A	1,104,038	D
Common Stock	holding	—	—		—	53,756	I	By wife
Common Stock	holding	—	—		—	62,681	I	Lataylingkyur Fdn
Common Stock	holding	—	—		—	20,834	I	Jointly with wife

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants to Purchase Common Stock	$0.75	Jan 31, 2015	C	12,562	A	Jan 31, 2015	Jun 30, 2016	Common Stock	6,281	6,281	D
Warrants to Purchase Common Stock	$1.50	Jan 31, 2015	C	200,000	A	Jan 31, 2015	Dec 31, 2020	Common Stock	200,000	200,000	D
Options (Right to Buy)	$0.75	Feb 10, 2015	J	150,000	A	Feb 10, 2015	Dec 31, 2020	Common Stock	150,000	150,000	D

F1On January 31, 2015, Mr. Smith converted $6,280.55 of his deferred compensation into 12,562 Units of the Company's private placement, each consisting of one share of common stock and a callable warrant to purchase one-half share of common stock at $.75 per share until June 30, 2016.
F2On January 31, 2015, Mr. Smith converted $90,000 of his convertible note into 200,000 shares of common stock and 200,000 warrants exercisable at $1.50 per share until December 31, 2020.
F3These options were granted pursuant to an Extension Agreement relating to Mr. Smith's employment approved by the Board on February 10, 2015.