SEC FORM 5 SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
  
Form 4 Transactions Reported.
  
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*
SMITH MARK A

(Last) (First) (Middle)
500 MOHAWK DRIVE #108

(Street)
BOULDER CO 80303

(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)
Director 10% Owner
Officer (give title below) X Other (specify below)
Resigned 7/31/2024
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2024
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 4,476,545(1) D
Common Stock 53,756 I Wife IRA
Common Stock 62,535 I MAS IRA
Common Stock 86,754(2) 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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2020 Non adjusted Convertible obligation $0.5 (3) (3) Common Stock 242,152(3) 242,152(3) D
Deferred Compensation $0.3 (4) (4) Common Stock 244,359(4) 244,359(4) D
Explanation of Responses:
1. As of July 31, 2024, Mr. Smith and his spouse are the owners of 4,476,545 shares of common stock. 1,624,323 shares are registered to Mr. Smith's wife. The total number of shares of common stock was understated, in error, on the April 3, 2024 Form 4 report by 55,443 shares.
2. The total number of shares held by Lotaylingkyur LLC was understated, in error, on the April 3, 2024 Form 4 report by 1400 shares. Lotaylingkyur LLC is controlled by Mr. Smith and his wife.
3. As of July 31, 2024, the balance of the 2020 Convertible Obligation owned by Mr. Smith was $121,075.58 convertible into 242,152 units (each unit consisting of one share and one warrant exercisable at $.75/warrant).
4. As of July 31,2024, Mr. Smith has a balance of $75,751 deferred compensation which is convertible at the market price of $0.31 into 244,359 shares of common stock.
Remarks:
On July 31, 2024 Mark Smith commenced his retirement including from his various positions (including Director, President, Interim CFO and General Counsel at the Company (and its subsidiaries). This will be Mr. Smith's final filing.
/s/ Mark A. Smith 08/01/2024
** 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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