Scott Stephen Craig 4
4 · BION ENVIRONMENTAL TECHNOLOGIES INC · Filed Dec 16, 2024
Insider Transaction Report
Form 4
Scott Stephen Craig
DirectorCEO
Transactions
- Other
Convertible Promissory Note
2024-12-16(indirect: By Spouse)Exp: 2025-12-31→ Common Stock
Holdings
- 478,444
Common Stock
- 4,000(indirect: By Spouse)
Common Stock
- 573,747
Warrants
→ Common Stock (573,747 underlying) - 1,545,000
Option to Buy
→ Common Stock (1,545,000 underlying)
Footnotes (3)
- [F1]On Dec 16, 2024, Mr. Scott's spouse purchased a Convertible Promissory Note in the principal amount of $25,000. The Note is secured by the Company's Intellectual Property (IP)/Patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million. The maturity date of the note is December 31, 2025.
- [F2]573,747 warrants were issued on various dates from 2004 to 2021. 428,569 warrants carry a potential price adjustment of 50%, 85,000 warrants carry a potential price adjustment of 90% and 60,178 warrants have no price adjustment.
- [F3]1,545,000 options were issued on various dates from 2005 to 2023 with exercise prices ranging from $.60 to $2.00 and expiration dates from 12/31/2024 to 12/31/2026. These options carry a potential exercise bonus of 50%.