SEC Form 4 · accession 0001140361-17-022864
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
May 25, 2017
Accepted (ET)
May 30, 2017 · 5:13 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 | May 25, 2017 | G | 70,000 | $0.00 | D | 326,097 | D | |
| Common Stock - UnitF1 | May 25, 2017 | A | 182,757 | $0.75 | A | 182,757 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants - CONUT | $1.00 | May 25, 2017 | A | 91,370 | A | May 25, 2017 | Mar 31, 2018 | Common Stock | 91,370 | 91,370 | D |
Explanation of responses
- F1Unit consist of one share of Bion common stock and ? warrant
- F2On May 25, 2017, Mr. Smith converted $137,067.45 of his accrued advances/expenses ($62,047.25) and deferred compensation ($75,000.00) into 187,757 Units (at recent PPM price ) of $.75 per unit (consisting of one share of Bion common stock and ? warrant).