4//SEC Filing
SMITH MARK A 4
Accession 0001079973-24-000233
CIK 0000875729other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 12:00 PM ET
Size
25.8 KB
Accession
0001079973-24-000233
Insider Transaction Report
Form 4
SMITH MARK A
DirectorPresident
Transactions
- Exercise/Conversion
Common Stock
2024-01-23+2,439,426→ 4,416,255 total - Exercise/Conversion
Common Stock
2024-01-23+85,354→ 85,354 total(indirect: By LLC) - Exercise/Conversion
Class CAP2017 Warrants
2024-01-23−300,000→ 0 totalExercise: $0.75→ Common Stock - Exercise/Conversion
Class MAS Various Warrants
2024-01-23−1,600,487→ 0 totalExercise: $0.75→ Common Stock - Exercise/Conversion
Class MAS Various Warrants
2024-01-23−106,500→ 0 totalExercise: $0.75→ Common Stock - Exercise/Conversion
Class MAS Various Warrants
2024-01-23−820,209→ 0 totalExercise: $0.75→ Common Stock - Exercise/Conversion
Class FEB2021-2
2024-01-23−100,001→ 0 total(indirect: Lotaylingkyur Inc.)Exercise: $0.75→ Common Stock
Holdings
- 53,756(indirect: By Spouse)
Common Stock
- 62,535(indirect: By IRA)
Common Stock
- 12,681(indirect: By Foundation)
Common Stock
- 237,464
2020 Non Adjusted Convertible Obligation
Exercise: $0.50→ Common Stock (237,464 underlying) - 93,934
Deferred Compensation
Exercise: $0.75→ Common Stock (93,934 underlying) - 2,425,000
Options (Right to Buy)
→ Common Stock (2,425,000 underlying)
Footnotes (9)
- [F1]On January 23, 2024 Mr. Smith and his spouse elected to exercise 2,827,196 warrants at an exercise price of $.75/warrant with price adjustments ranging from 75% to 90% which will result in the issuance of 2,439,426 shares of common stock. These warrants were exercised using the cashless exercise option. The administrative process involved in these exercises/issuances has been long and extended and none of the shares have been issued and delivered as of the date of filing this report. Details regarding these exercises are set forth in the notes below.
- [F2]On January 23, 2024 100,001 warrants registered to Lotaylingkyur, Inc. (controlled by Mr. & Mrs. Smith) were exercised at a price of $.75/warrant (with a 75% price adjustment), and 85,354 shares of common stock were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).
- [F3]As of December 31, 2023, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $118,731.68 convertible into 237,464 units (each unit consisting of one share and one warrant exercisable at $.75/warrant). Each warrant will include the potential to have a price adjustment of 75%.
- [F4]As of December 31, 2023, the balance of deferred compensation owed to Mr. Smith was $70,450 (convertible into 93,934 shares of common stock at $0.75 per share).
- [F5]On January 23, 2024, Mr. Smith exercised 300,000 Class CAP2017 warrants were exercised @ $.75/warrant (with a price adjustment of 90%) and 282, 422 shares of restricted stock were issued.
- [F6]On January 23, 2024, 1,600,487 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 1,366,042 shares were issued (under Bion's S-8 from the S-8 Registration Statement and 2006 Incentive Plan).
- [F7]On January 23, 2024, 106,500 Class MAS Various warrants were exercised at $0.75/warrant (with a price adjustment of 75%) and 90,900 shares of restricted stock were issued.
- [F8]On January 23, 2024, 820,209 Class MAS various warrants registered to Mr. Smith's spouse were exercised at $0.75 (with a price adjustment of 75%) and 700,062 shares were issued (under Bion's S-8 Registration Statement and 2006 Incentive Plan).
- [F9]These options are comprised of various classes and various exercise of prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.
Documents
Issuer
BION ENVIRONMENTAL TECHNOLOGIES INC
CIK 0000875729
Entity typeother
Related Parties
1- filerCIK 0001168243
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 12:00 PM ET
- Size
- 25.8 KB