BION ENVIRONMENTAL TECHNOLOGIES INC 4
4 · BION ENVIRONMENTAL TECHNOLOGIES INC · Filed Sep 2, 2016
Insider Transaction Report
Form 4
NORTHROP JON
DirectorSecretary
Transactions
- Other
Common Stock
2016-08-20−10,203→ 127,289 total - Other
Options (Right to Buy)
2016-08-20−160,000→ 185,000 totalExercise: $2.43From: 2004-03-09Exp: 2017-12-31→ Common Stock (160,000 underlying)
Footnotes (1)
- [F1]Mr. 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.