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)

401 N. RIVERSIDE DRIVE #408

(Street)

POMPANO BEACH

33062

(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)
07/06/2022

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	07/06/2022		A⁽¹⁾		50,000	A	$0.00	334,077	D
Common Stock	07/06/2022		G⁽²⁾		50,000	D	$0.00	284,077	D
Common Stock	07/06/2022		A⁽³⁾		40,000⁽³⁾	A	$0.00	324,077⁽³⁾	D
Common Stock								53,756	I	Wife IRA
Common Stock								62,535	I	MSA IRA
Common Stock								100,001	I	Lotaylingkyur LLC
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)
2020 Convertible Obligation	$0.5	07/06/2022		D⁽³⁾			$20,000	01/01/2020	07/01/2024	Common Stock	$20,000	$0.00	$1,309,663.91	D
2020 Convertible Obligation	$0.5	07/06/2022		A⁽⁴⁾		$21,497.34		01/01/2020	07/01/2024	Common Stock	$21,497.34⁽⁴⁾	$0.00	$1,329,663.91⁽¹⁾	D
Class Warrants	$1	07/06/2022		A⁽³⁾		40,000		⁽³⁾	⁽³⁾	Common Stock	40,000	$0.00	40,000	D
Class Warrants	$1	07/06/2022		G⁽⁵⁾			40,000	⁽³⁾	⁽³⁾	Common Stock	40,000	$0.00	0	D

Explanation of Responses:

1. On July 6, 2022, Mr. Smith purchased 50,000 shares of common stock for the price of $45,000.

2. On July 6, 2022, Mr. Smith gifted/donated 50,000 shares to grandchildren and non profit entities.

3. On July 6, 2022, Mr. Smith converted $20,000 of accrued interest on his 2020 Convertible note into 40,000 Units; each unit consisting of one share and one warrant with the exercise price of $1.00 until 7/6/2025. Each of these warrants carry an exercise bonus of 75%.

4. On July 6, 2022, Mr. Smith transferred $21,497.34 of unreimbursed expenses to his 2020 Convertible Note. The Balance of the 2020 Obligation of $1,329,663.91 is convertible into 2,659,328 shares of common stock and 2,659,328 warrants to purchase one share of common stock.

5. On July 6, 2022, Mr. Smith gifted/donated 40,000 warrants to grandchildren and nonprofit entities.

	/s/ Mark A. Smith	07/08/2022
	** 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).
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