Sec Form 4 Filing - Bassani Dominic @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2020-01-06

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 Bassani Dominic 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 X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) C/O BRIGHT CAPITAL, LTD, 64 VILLAGE HILL DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 01/06/2020 (Street) DIX HILLS, NY11746 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 01/06/2020 J( 1 ) 20,000 A $ 0 312,500 I Roth IRA Common Stock 01/06/2020 J( 1 ) 20,000 D $ 0 196,897 I IRA

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 DB 2015 Convertible Note $ 0.5 01/29/2020 G( 2 ) ( 2 ) ( 2 ) See footnote ( 3 ) ( 3 ) $ 0 0 D Dominic Bassani 2019 Irrevocable Trust Convertible $ 0.5 01/29/2020 A( 2 ) ( 2 ) ( 2 ) See footnote ( 4 ) ( 4 ) $ 0 0 ( 5 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Bassani Dominic C/O BRIGHT CAPITAL, LTD 64 VILLAGE HILL DRIVE DIX HILLS, NY11746 X CEO Signatures /s/ Dominic Bassani 02/04/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On January 6, 2020 the Shares held in the Reporting Person's IRA Account were distributed to the Reporting Person's ROTH IRA Account ( 2 )On January 29,2020, $1,488,509.78 (the full balance) of the 2015 convertible note ('Note') owned by Reporting Person was gifted to the Dominic Bassani 2019 Irrevocable Trust ('Trust'). The beneficiary of 50% of the Trust (who is now the beneficial owner of $744,254.85 of the Note) is the Reporting Person's adult daughter who resides within his residence. The balance of the Dominic Bassani 2019 Irrevocable Trust Convertible Note ('Trust Note') after gifts is $1,890,509.70 (which is convertible @$.50/into units of BNET restricted securities consisting of one share and 1/2 warrant). As a result, the Reporting Person indirectly remains beneficial owner of $945,254.85 of the Trust Note (as the beneficiary resides within his residence). ( 3 )2,977,020 shares and 1,488,510 warrants ( 4 )1,488,510 shares + 744,255 warrants ( 5 )$945,254.85; 1,890,510 shares + 472,628 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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