SEC Form 4 · accession 0000948830-16-000130
BION ENVIRONMENTAL TECHNOLOGIES INC · BNET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon Northrop
Officer — Secretary · Director
Period of report
Aug 20, 2016
Accepted (ET)
Sep 2, 2016 · 4:28 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 | Aug 20, 2016 | J | 10,203 | $0.00 | D | 127,289 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F1 | $2.43 | Aug 20, 2016 | J | 160,000 | D | Mar 9, 2004 | Dec 31, 2017 | Common Stock | 160,000 | 185,000 | D |
Explanation of responses
- F1Mr. Northrop recently completed a divorce in which he transferred 160,000 of his stock options to his ex-wife. The options were exercisable on various dates beginning on 3/9/2004 and all expiring on 12/31/2017. The option prices also varied in amounts between $1.00 and $5.50 per share with an average price of $2.43. In addition, he transferred a total of 19,468 (or 28,733) shares to his ex-wife and retained ownership of 127,289 shares. He is no longer reporting the 16,464 shares which were in his ex-wife's name and the 127,289 shares which he now owns includes the 9,265 which were formerly owned by his ex-wife.