Sec Form 4 Filing - Bassani Dominic @ BION ENVIRONMENTAL TECHNOLOGIES INC - 2021-03-02

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) 03/02/2021 (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

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 2020 Convertible Obligation ("Note") $ 0.5 03/25/2021 A( 1 ) 111,196 ( 4 ) ( 5 ) See footnote ( 8 ) ( 8 ) $ 0 0 ( 8 ) D Dominic Bassani 2019 Irr Trust Convert Oblig ("Trust Note") $ 0.5 03/25/2021 A( 2 ) 717,196 ( 6 ) ( 7 ) See footnote ( 9 ) ( 9 ) $ 0 0 ( 9 ) I Dominic Bassani 2019 Irrevocable Trust ("Trust") Options (right to buy) $ 1.2 03/02/2021 A( 3 ) 250,000 03/02/2021 12/31/2026 Common Stock 250,000 $ 0 250,000 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 04/05/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On March 25, 2021 the terms of the conversion 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 $332,922. ( 2 )On March 25, 2021 the terms of the conversion of this 2020 Convertible Obligation (Trust Note) changed to increase the issuance of warrants by one third if and when the Reporting person chooses to convert.. The balance of the Trust Note with estimated interest at 3/31/21 is $2,147,290. The beneficiary of 50% of the Trust is the Reporting Person's adult daughter who resides within his residence. ( 3 )Each of these options carry an exercise bonus of 75% ( 4 )Convertible Obligation Note began on 1/1/2020 ( 5 )Convertible Obligation Note expires on 7/1/2024 ( 6 )The Dominic Bassani 2019 Irrevocable Trust Convertible Obligations (Trust Note) began on 1/29/20 ( 7 )The Dominic Bassani 2019 Irrevocable Trust Convertible Obligations (Trust Note) expires on 7/1/2024 ( 8 )665,844 shares & 444,118 warrants ( 9 )4,294,581 shares & 2,864,486 warrants

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