X0306 4 2018-05-08 0 0000875729 BION ENVIRONMENTAL TECHNOLOGIES INC BNET 0001168243 SMITH MARK A BOX 566 CRESTONE CO 81131 1 1 1 0 President Common Stock 2018-05-08 4 A 0 307080 0.50 A 525809 D Common Stock 2018-05-08 4 G 0 60000 0.00 D 465809 D Common Stock 2018-05-08 4 G 0 140000 0.00 D 325809 D Common Stock 2018-05-08 4 A 0 140000 0.00 A 140000 I Lotaylingkyur LLC Common Stock 53756 I By Wife IRA Common Stock 62535 D Common Stock 12681 I Lotaylingkyur Foundation Warrants - Class CONUNITMAY 0.75 2018-05-08 4 A 0 153540 0.00 A 2018-05-08 2020-12-31 Common Stock 153540 153540 D On May 8, 2018, Mr. Smith converted his loan payable balance of $18,000, his expenses payable of $65,540 and $70,000 of deferred compensation into 307,080 units (at recent PPM price) of $.50 per unit consisting of one share of Bion common stock and 1/2 warrant. On May 8, 2018, Mr. Smith gifted 200,000 shares which included 140,000 to Lotaylingkyur LLC which is owned by Mr. Smith and his wife. Each of these warrants carry an exercise bonus of 75 Percent IRA Account Mr. Smith is President of Lotaylingkyur Foundation /s Mark A. Smith 2018-05-14