SMITH MARK A 4

4 · BION ENVIRONMENTAL TECHNOLOGIES INC · Filed Apr 3, 2024

Form 4

Period: 2024-03-31

DirectorPresident

Transactions

Award
Common Stock
2024-04-01−4,847→ 4,421,102 total
Conversion
2020 non-adjusted Convertible Obligation
2024-03-31→ 239,808 total
Exercise: $0.50→ Common Stock (239,808 underlying)
Disposition to Issuer
Deferred Compensation
2024-04-01−75,000→ 60,134 total
Exercise: $0.75→ Common Stock (60,134 underlying)
Disposition to Issuer
Options )right to buy)
2024-04-01−2,425,000→ 60,134 total
→ Common Stock (0 underlying)

Holdings

Footnotes (4)

[F1]As of April 1, 2024, Mr. Smith and his spouse are the owners of 4,421,102 shares of common stock. 1,624,323 shares are registered to Mr. Smith's wife. The total number of shares of common stock was understated, in error, on the February 14, 2024 Form 4 report by 4,847 shares.
[F2]As of March 31, 2024, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $119,903.63 convertible into 239,808 units (each unit consisting of one share and one warrant exercisable at $.75/warrant). Each warrant carries the potential to have a price adjustment of 75%.
[F3]On April 1, Mr. Smith voluntarily waived all claim to $56,250 of his deferred compensation which was convertible into 75,000 shares of common stock. The balance of his deferred compensation as of April 1, 2024 is $45,100 which is convertible into 60,134 shares of common stock.
[F4]On April 1, 2024, Mr. Smith voluntarily surrendered 2,425,000 options (in aggregate) for cancellation.

Documents

1 file