SEC Form 4 · accession 0000948830-15-000058
BION ENVIRONMENTAL TECHNOLOGIES INC · BNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony Orphanos
10% Owner
Period of report
Jul 14, 2015
Accepted (ET)
Jul 29, 2015 · 12:13 pm EDT
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 | Jul 14, 2015 | P | 23,000 | $0.77 | A | 689,667 | I | By AGO IRA |
| Common Stock | Jul 15, 2015 | O | 46,500 | $1.05 | A | 540,063 | D | |
| Common Stock | Jul 15, 2015 | O | 30,000 | $1.05 | A | 570,063 | D | |
| Common Stock | holding | — | — | — | 130,263 | I | Jointly With Wife | |
| Common Stock | holding | — | — | — | 685,707 | I | By AGO Roth |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock/Warrants (Right to Buy) | $1.05 | Jul 15, 2015 | O | 46,500 | D | Apr 10, 2010 | Dec 31, 2015 | Common Stock | 46,500 | 0 | D |
| Common Stock/Warrants (Right to Buy) | $1.05 | Jul 15, 2015 | O | 30,000 | D | Mar 30, 2012 | Jul 15, 2015 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1On July 15, 2015, Mr. Orphanos exercised 46,500 warrants due to expire on December 31, 2015 with an original exercise price of $2.25 per share. The warrants were exercised at the reduced price of $1.05 per share.
- F2On July 15, 2015, Mr. Orphanos exercised 30,000 warrants due to expire on December 31, 2014 and then extended to July 15, 2015 with an original exercise price of $3.10 per share. The warrants were exercised at the reduced price of $1.05 per share.