Bassani Dominic 4/A
4/A · BION ENVIRONMENTAL TECHNOLOGIES INC · Filed Oct 8, 2020
Insider Transaction Report
Form 4/AAmended
Bassani Dominic
10% Owner
Transactions
- Gift
Options (Right to Buy)
2020-10-01−1,000,000→ 900,000 totalExercise: $0.75From: 2020-10-01Exp: 2024-12-31→ Common Stock (1,000,000 underlying) - Award
Options (Right to Buy)
2020-10-01+500,000→ 500,000 total(indirect: See footnote)Exercise: $0.75From: 2020-10-01Exp: 2024-10-01→ Common Stock (500,000 underlying) - Gift
Options (Right to Buy)
2020-10-01−100,000→ 1,900,000 totalExercise: $0.75From: 2020-10-01Exp: 2024-12-31→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Each of these gifted options carry an exercise bonus of 90%.
- [F2]On October 1, 2020, The reporting person gifted 1,000,000 of these options to the Dominic Bassani 2019 Irrevocable Trust ("Trust"). The beneficiary of 50% of the Trust (who is now the beneficial owner) is the Reporting Person's adult daughter who resides within his residence. As a result, the Reporting Person indirectly remains beneficial owner of 500,000 options. Each of these options carry an exercise bonus of 90%.