Danielle C. Lominy Form 4/A BION ENVIRONMENTAL / Danielle C. Lominy ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Lominy Danielle C.

(Last)

(First)

(Middle)

64 VILLAGE HILL DRIVE

(Street)

DIX HILLS

11746

(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	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)
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

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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
DB 2015 Convertible Note ("Old Note")	$0.5	11/18/2019		G⁽¹⁾			$200,000⁽¹⁾	⁽¹⁾	⁽¹⁾	Common Stock⁽¹⁾	$200,000⁽¹⁾	$0.00⁽¹⁾	$0.00⁽¹⁾	D⁽¹⁾
2020 Convertible Obligation ("Note")	$0.5	01/29/2020		G		$1,022,129.8		⁽²⁾	⁽²⁾	See note⁽³⁾	⁽³⁾	$0.00	$1,022,129.8⁽³⁾	I	See note⁽²⁾

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

	/s/ Danielle C. Lominy	03/03/2020
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Danielle C. Lominy Form 4/ABION ENVIRONMENTAL / Danielle C. Lominy ownership change