SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SMITH MARK A

(Last)

(First)

(Middle)

56 EMERY STREET #6

(Street)

LONGMONT

80501

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/01/2020		G⁽¹⁾		200,000	D	$0.00	33,776	D
Common Stock	12/21/2020		A⁽²⁾		24,938	A	$0.5	58,714	D
Common Stock	02/19/2021		A⁽³⁾		94,715	A	$0.5	153,429	D
Common Stock	02/19/2021		A⁽⁴⁾		100,001	A	$0.5	226,001	I	Lotaylingkyur LLC
Common Stock	08/01/2020		G⁽⁵⁾		75,000	D	$0.00	151,001	I	Lotaylingkyur LLC
Common Stock								53,756	I	Wife IRA
Common Stock								62,535	I	MAS IRA
Common Stock								12,681	I	Lotaylingkyur Foundation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants Class DECCONUT-1	⁽²⁾	12/21/2020		A⁽²⁾		24,938		12/21/2020	12/31/2024	Common Stock	24,938	$0.00	24,938	D
Warrants Class FEBCONUT-1	⁽³⁾	02/19/2021		A⁽³⁾		94,715		02/19/2021	12/31/2024	Common Stock	94,715	$0.00	94,715	D
Warrant Class FEBCONUT-1	⁽⁴⁾	02/19/2021		A⁽⁴⁾		100,001		02/19/2021	12/31/2024	Common Stock	100,001	$0.00	100,001	I	Lotaylingkyur LLC

Explanation of Responses:

1. Between the periods of 8/1/20 and Feb 19, 2021 Mr. Smith gifted/donated 200,000 shares of common stock to various persons and entities.

2. On 12/21/20, Mr. Smith converted expenses payable of $12,468.82 into 24,938 units (at current PPM price) of $0.50 per unit consisting of one share of Bion common stock and one warrant. Each of these warrants carry an exercise bonus of 75 percent.

3. On February 19, 2021, Mr. Smith converted converted $47,357.10 of his deferred comp into 94,715 units (at current PPM price) of $0.50 per unit consisting of one share of Bion Common Stock and one warrant. Each of these warrants carry an exercise bonus of 75 percent.

4. On February 19, 2021 Mr. Smith converted $7658.27 expenses payable, $1000.95 accrued interest and $41,340.78 of deferred comp into 100,001 units (at current PPM price) of $0.50 per unit. These units are registered to Lotaylingkyur LLC which is owned by Mr. Smith and his wife. Each of these warrants carry an exercise bonus of 75 percent.

5. Between the periods of 8/1/20 and Feb 19,2021 Lotaylingkyur LLC gifted/donated 75,000 shares of common stock to various persons and entities

	/s/ Mark A. Smith	02/26/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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