SEC Form 4 · accession 0000948830-16-000137
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
Oct 10, 2016
Accepted (ET)
Oct 19, 2016 · 10:00 am 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 | Oct 10, 2016 | A | 25,000 | $0.00 | A | 536,097 | D | |
| Common Stock | holding | — | — | — | 12,681 | I | Lotaylingkyur Fdn | |
| Common Stock | holding | — | — | — | 53,756 | I | By Wife | |
| Common Stock | holding | — | — | — | 177,591 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F2 | $1.00 | Oct 10, 2016 | A | 75,000 | A | Oct 10, 2016 | Dec 31, 2020 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1The Issuer granted to Mr. Smith 25,000 shares of common stock as a bonus and the bonus shares shall be immediately vested and shall be issued on January 15, 2017.
- F2Pursuant to its 2006 Consolidated Incentive Plan, the Issuer granted Mr. Smith options to purchase 75,000 shares of common stock at a price of $1.00 per share until December 31, 2020.