Sec Form 4 Filing - SMITH MARK A @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2021-02-19

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person SMITH MARK A 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 (Last) (First) (Middle) 401 N. RIVERSIDE DRIVE #408 3. Date of Earliest Transaction (MM/DD/YY) 02/19/2021 (Street) POMPANO BEACH, FL33062 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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) Code V Amount (A) or (D) Price Common Stock 03/15/2021 A( 1 ) 36,000 A $ 0.5 189,429 D Common Stock 04/01/2021 A( 2 ) 42,786 A $ 0.5 232,215 D Common Stock 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Warrants Class CONFEB2021-1 $ 0.75 02/19/2021 G( 3 ) 50,000 03/19/2021 12/31/2024 Common Stock 50,000 $ 0 44,715 D Warrants Class CONMAR2021-1 $ 0.5 03/15/2021 A( 1 ) 36,000 03/15/2021 12/31/2024 Common Stock 36,000 $ 0 36,000 D Warrants Class CONMAR2021-1 $ 0.5 03/15/2021 G( 3 ) 36,000 03/15/2021 12/31/2024 Common Stock 36,000 $ 0 0 D Warrants Class CONAPR2021-1 $ 0.5 04/01/2021 A( 2 ) 42,786 04/01/2021 12/31/2024 Common Stock 42,786 $ 0 42,786 D Warrants Class CONAPR2021-1 $ 0.5 04/01/2021 G( 3 ) 42,786 04/01/2021 12/31/2024 Common Stock 42,786 $ 0 0 D Option (right to buy) $ 1.2 03/02/2021 A( 4 ) 250,000 03/02/2021 12/31/2026 Common Stock 250,000 $ 0 250,000 D MAS 2020 Convertible Obligation $ 0.5 03/25/2021 A( 5 ) 587,751 03/25/2021 ( 6 ) See footnote ( 7 ) 0 ( 7 ) $ 0 0 ( 7 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SMITH MARK A 401 N. RIVERSIDE DRIVE #408 POMPANO BEACH, FL33062 X X President Signatures /s/ Mark A. Smith 04/05/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On March 15, Mr. Smith converted $18,000 salary into 36,000 units (at recent 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 %. ( 2 )On April 1, Mr. converted $18,000 salary and $3392.65 unreimbursed expenses into 42,786 units (at recent PPM price) of $0.50 unit consisting of one share of Bion common stock and one warrant. Each of these warrants carry an exercise bonus of 75%. ( 3 )Each of these gifted warrants carry an exercise bonus of 75 %. ( 4 )Each of these options carry an exercise bonus of 75% ( 5 )On March 25, 2021 the terms of this 2020 Convertible Obligation changed to increase the issuance of warrants by one-third if and when the Reporting person chooses to convert. The balance of the Convertible Obligation with estimated interest at 3/31/21 is $1,175,502. ( 6 )Convertible Obligation Note expires on 7/1/2024 ( 7 )2,351,004 shares & amp; 2,351,004 warrants

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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