SEC Form 4 · accession 0001140361-18-023213
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 8, 2018
Accepted (ET)
May 14, 2018 · 12:41 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 8, 2018 | A | 307,080 | $0.50 | A | 525,809 | D | |
| Common Stock | May 8, 2018 | G | 60,000 | $0.00 | D | 465,809 | D | |
| Common Stock | May 8, 2018 | G | 140,000 | $0.00 | D | 325,809 | D | |
| Common Stock | May 8, 2018 | A | 140,000 | $0.00 | A | 140,000 | I | Lotaylingkyur LLC |
| Common Stock | holding | — | — | — | 53,756 | I | By Wife IRA | |
| Common StockF4 | holding | — | — | — | 62,535 | D | ||
| Common StockF5 | holding | — | — | — | 12,681 | I | Lotaylingkyur Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants - Class CONUNITMAYF3 | $0.75 | May 8, 2018 | A | 153,540 | A | May 8, 2018 | Dec 31, 2020 | Common Stock | 153,540 | 153,540 | D |
Explanation of responses
- F1On May 8, 2018, Mr. Smith converted his loan payable balance of $18,000, his expenses payable of $65,540 and $70,000 of deferred compensation into 307,080 units (at recent PPM price) of $.50 per unit consisting of one share of Bion common stock and 1/2 warrant.
- F2On May 8, 2018, Mr. Smith gifted 200,000 shares which included 140,000 to Lotaylingkyur LLC which is owned by Mr. Smith and his wife.
- F3Each of these warrants carry an exercise bonus of 75 Percent
- F4IRA Account
- F5Mr. Smith is President of Lotaylingkyur Foundation