SMITH MARK A 4

Accession 0001079973-24-000039

CIK 0000875729other

View on SEC.gov Company Profile

Filed

Jan 7, 7:00 PM ET

Accepted

Jan 8, 11:16 AM ET

Size

30.3 KB

Accession

0001079973-24-000039

Insider Transaction Report

Form 4

Period: 2023-12-31

BION ENVIRONMENTAL TECHNOLOGIES INCBNET

SMITH MARK A

DirectorPresident

Transactions

Gift
Common Stock
2024-01-01−122,231→ 1,976,829 total
Disposition to Issuer
Adjusted 2020 Convertible Obligation
2024-01-01→ 0 total
Exercise: $0.09→ Common Stock
Gift
Common Stock
2023-12-31−200,000→ 1,576,829 total
Award
Common Stock
2023-12-31+449,261→ 1,776,829 total
Award
Common Stock
2024-01-01+522,231→ 2,099,060 total
Disposition to Issuer
Adjusted 2020 Convertible Obligation
2023-12-31→ 522,231 total
Exercise: $0.09→ Common Stock
Award
ClassDECCONV-1 warrants
2023-12-31+449,261→ 449,261 total
Exercise: $0.75→ Common Stock (449,261 underlying)
Gift
ClassDECCONV-1 warrants
2023-12-31−200,000→ 249,261 total
Exercise: $0.75→ Common Stock (200,000 underlying)
Award
Class JAN2024CONV-1 warrants
2024-01-01+522,231→ 522,231 total
Exercise: $0.75→ Common Stock (522,231 underlying)
Gift
Class JAN2024CONV-1 warrants
2024-01-01−122,231→ 400,000 total
Exercise: $0.75→ Common Stock (122,231 underlying)

Holdings

Common Stock
(indirect: By Spouse)
53,756
Common Stock
(indirect: By Foundation)
12,681
Various Other Classes warrants
→ Common Stock (2,177,935 underlying)
2,177,935
Class FEB2021-2
(indirect: Lotaylingkyur Inc.)
→ Common Stock (100,001 underlying)
100,001
Options (right to buy)
→ Common Stock (2,425,000 underlying)
2,425,000
Common Stock
(indirect: By IRA)
62,535

Footnotes (6)

[F1]On December 31, 2023 Mr. Smith converted $42,500 from his Adjusted 2020 Convertible note into 449,261 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 12/31/2026. Each of these warrants carry an exercise bonus of 75%. The balance of the Adjusted 2020 Convertible note after the December 31, 2023, conversion is $49,403.05. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
[F2]On December 31, 2023, Mr. Smith gifted 200,000 units to various family members and non profit entities. Of the 249,261 units not gifted, 149,261 are registered to Mr. Smith's wife.
[F3]On January 1, 2024, Mr. Smith converted the remaining balance of $49,403.05 of his Adjusted 2020 Convertible note into 522,231 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 1/1/2027. Each of these warrants carry an exercise bonus of 75%. The Adjusted 2020 Convertible note is convertible at $.0946/Unit.
[F4]On January 1, 2024, Mr. Smith gifted 122,231 Units to various family members and non profit entities. Of the 400,000 units not gifted, 200,000 are registered to Mr. Smith's wife.
[F5]As of January 2, 2024, Mr. Smith and his wife are the direct owners of 2,827,196 underlying warrants (1,906.987 Mark Smith, 920,209 Kelly Smith) and indirect owners of 100,001 warrants registered to Lotaylingkyur Inc. (controlled by Mr. & Mrs. Smith) for an aggregate beneficial ownership of 2,927,197 warrants. These warrants are comprised of various classes and various prices with expiration dates ranging from 2024 to 2027 and exercise bonus terms ranging from 75% to 90%.
[F6]As of January 2, 2024, Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes and various prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.

Documents

1 file

4
ownership.xmlPrimary

Issuer

BION ENVIRONMENTAL TECHNOLOGIES INC

CIK 0000875729

→

Entity typeother

Related Parties

filerCIK 0001168243

Filing Metadata

Form type: 4
Filed: Jan 7, 7:00 PM ET
Accepted: Jan 8, 11:16 AM ET
Size: 30.3 KB

View on SEC.gov