Sec Form 4/A Filing - Lominy Danielle C. @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2019-11-18

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FORM 4/A
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
Lominy Danielle C.
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
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
64 VILLAGE HILL DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/18/2019
(Street)
DIX HILLS, NY11746
4. If Amendment, Date Original Filed (MM/DD/YY)
11/22/2019
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
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 ("Old Note") $ 0.5 11/18/2019 G( 1 ) ( 1 ) ( 1 ) Common Stock ( 1 ) $ 200,000 ( 1 ) $ 0 ( 1 ) $ 0 ( 1 ) D ( 1 )
2020 Convertible Obligation ("Note") $ 0.5 01/29/2020 G ( 2 ) ( 2 ) See note ( 3 ) ( 3 ) $ 0 $ 1,022,129.8 ( 3 ) I See note ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lominy Danielle C.
64 VILLAGE HILL DRIVE
DIX HILLS, NY11746
X
Signatures
/s/ Danielle C. Lominy 03/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The previous gift of $400,000 principal amount of the Old Note reported on Form 4 filed 11/21/2019 was never completed and the gift was cancelled/reversed. This Form 4/A is being filed in part to reflect said reversal of the reported transaction.
( 2 )On January 29, 2020 $2,044,259.78 (the full balance of theNote was gifted to the Dominic Bassani 2019 Irrevocable Trust ("Trust"). Reporting person is beneficiary of 50 % of the Trust (who is now the beneficial owner of $1,022,129.80 of the Note). The balance of the Note after gifts is $2,044,259.78, (which is convertible @$.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 $1,022,129.80 Note held in the Dominic Bassani 2019 Irrevocable Trust. The Note is convertible into units @$0.50 with each unit consisting of one share of common stock and 1/2 warrant.
( 3 )2,044,260 shares and 1,022,130 warrants

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