SEC Form 4 · accession 0001567619-18-001937
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
Aug 27, 2018
Accepted (ET)
Aug 30, 2018 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875729
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DB Replacement Note 2F1 | $0.60 | Aug 27, 2018 | P | 500,000 | A | — | — | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1On August 27, 2018 outstanding DB Replacement Note 2 (as defined in form 10-Q for quarter ended 3/31/2018 Financial Statements Note 7 and other SEC filings) was purchased for $300,000. This note accrues interest at 4% annually and is convertible into Bion common stock @$.60/share. The balance of this note at 8/27 is $300,000. The number of shares will increase as interest accrues.