# EDGAR Filing Document

**Accession Number:** 0000875729
**File Stem:** 0001079973-23-000301
**Filing Date:** 2023-3
**Character Count:** 7843
**Document Hash:** d35e6e17bdbb1a8c0e2720a5b01eecda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001079973-23-000301.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001079973-23-000301

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230307

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SMITH MARK A
- **CENTRAL INDEX KEY:** 0001168243

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-19333
- **FILM NUMBER:** 23721045

**MAIL ADDRESS:**
- **STREET 1:** 641 LEXINGTON AVENUE
- **STREET 2:** 17TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BION ENVIRONMENTAL TECHNOLOGIES INC
- **CENTRAL INDEX KEY:** 0000875729
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE CHEMICALS [2870]
- **IRS NUMBER:** 841176672
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 0630

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 323
- **CITY:** OLD BETHPAGE
- **STATE:** NY
- **ZIP:** 11804
- **BUSINESS PHONE:** (212) 758-6622

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 323
- **CITY:** OLD BETHPAGE
- **STATE:** NY
- **ZIP:** 11804

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RSTS CORP
- **DATE OF NAME CHANGE:** 19930328

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>SMITH MARK A<br><sub>(Last) (First) (Middle)</sub><br>401 N. RIVERSIDE DRIVE #408<br><sub>(Street)</sub><br>POMPANO BEACH, FL 33062<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-07 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-07 |  | A<sup>(1)</sup> |  | 739958 | A | $0.00 | 1046535 | D |  |
| Common Stock | 2023-03-07 |  | G<sup>(2)</sup> |  | 300000 | D | $0.00 | 746535 | D |  |
| Common Stock |  |  |  |  |  |  |  | 53756 | I | Wife IRA |
| Common Stock |  |  |  |  |  |  |  | 62535 | I | MAS IRA |
| Common Stock |  |  |  |  |  |  |  | 12681 | I | Lotaylingkyur Foundation |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Adjusted 2020 Convertible Obligation | $0.50 | 2023-03-07 |  | D<sup>(1)</sup> |  |  |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock |  | $0.00 | 2192518<sup>(1)</sup> | D |  |
| Class MARCON Warrants | $0.75 | 2023-03-07 |  | A<sup>(1)</sup> |  | 739958 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 739958 | $0.00 | 739958 | D |  |
| Class MARCON Warrants | $0.75 | 2023-03-07 |  | G<sup>(3)</sup> |  |  | 410000 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 410000 | $0.00 | 329958 | D |  |
| Various Other Classes-Warrants | <sup>(4)</sup> |  |  |  |  |  |  | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 1271944 |  | 1271944 | D |  |
| Options (right to buy) | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 2425000 |  | 2425000 | D |  |

---

### Footnotes:

(1) On March 7, 2023, Mr. Smith converted $70,000 of principal from his Adjusted 2020 Convertible note into 739,958 Units; each unit consisting of one share and one warrant with the exercise price of $.75 until 3/7/2026. Each of these warrants carry an exercise bonus of 75%.

(2) On March 7, Mr. Smith gifted/donated 300,000 shares to various nonprofit entities and/or family members. Of the 439,958 shares not gifted, 250,000 shares are registered to Mr. Smith's wife.

(3) On March 7, 2023, Mr. Smith gifted/donated 410,000 warrants to various nonprofit entities and/or family members. Of the 329,958 warrants not gifted, 250,000 warrants are registered to Mr. Smith's wife.

(4) As of March 7, 2023, Mr. Smith is the direct owner of 1,271,944 underlying other warrants in addition to those acquired in the March 7, 2023 conversion (see Note 1). These warrants are comprised of various classes and various prices with expiration dates ranging from 2024 to 2025 and exercise bonus terms ranging from 75% to 90%.

(5) As of March 7, 2023, Mr. Smith is the direct owner of 2,425,000 underlying options. These options are comprised of various classes and various prices with expiration dates ranging from 2024 to 2026 and exercise bonus terms ranging from 75% to 90%.

**Signature:** /s/ Mark Smith  
**Date:** 2023-03-09

### Remarks:

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.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**