Bion Environmental Form 4 / 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
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 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)
Common Stock								170,000	D
Common Stock								400,000	I	By Trust

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)
Options (right to buy)	$0.75	06/30/2024		D⁽¹⁾		50,000		⁽¹⁾	⁽¹⁾	Common Stock	0	$0.00	0⁽¹⁾	I	D. Bassani 2019 Irrevocable Trust
Warrants	⁽²⁾							⁽²⁾	⁽²⁾	Common Stock	1,511,477		1,511,477	I	By Trust
Warrants	⁽³⁾							⁽³⁾	⁽³⁾	Common Stock	311,458		311,458	D
Warrants	⁽⁴⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	105,000		105,000	D
Warrants	⁽⁵⁾							⁽⁵⁾	⁽⁵⁾	Common Stock	230,000		230,000	I	By Daughter
Warrants "2019 Trust"	⁽⁶⁾							⁽⁶⁾	⁽⁶⁾	Common Stock	1,500,000		1,500,000	I	D Bassani 2019 Irrevocable Trust
Adjusted 2020 Trust Convertible Obligation	⁽⁷⁾							⁽⁷⁾	⁽⁷⁾	See Note⁽⁷⁾	⁽⁷⁾		$229,638.51	I	D Bassani 2019 Irrevocable Trust

Explanation of Responses:

1. On June 30, 2024, Danielle Lominy voluntarily surrendered 500,000 options registered to the Dominic Bassani 2019 Irrevocable Trust ("2019 Trust") for cancellation. Danielle Lominy is the 50% beneficial owner of 1,000,000 options registered to the 2019 Trust.

2. As of June 30, 2024 1,511,477 shares underlying warrants are held by The Danielle Christine Bassani Trust with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 75%.

3. As of June 30, 2024, Ms. Lominy is the owner of 311,458 warrants with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment ranging from 75% to 90%.

4. As of June 30, 2024, 105,000 warrants are jointly owned with Danielle's spouse with the exercise price of $.75 until January 15, 2025. These warrants carry a potential price adjustment of 75%.

5. As of June 30, 2024, 230,000 warrants are registered to Ms. Lominy's minor daughter who resides with her. These warrants have an exercise price of $.75 with the potential price adjustment ranging from 75% to 90%.

6. As of June 30, 2024, Ms. Lominy is the owner of 1,500,000 warrants as 50% beneficial owner of the 2019 Trust. These warrants are exercisable at $.75 until January 15, 2025 and carry a potential price adjustment of 75%.

7. As of June 30, 2024, Ms. Lominy is the 50% beneficial owner of the Adjusted 2020 Trust Convertible Obligation in the amount of $459,277.02. As of result, Ms. Lominy is the owner of $229,638.51 of the note balance which is convertible @$.0953 into 2,409,639 shares and 1,607,229 warrants.

	/s/ Danielle C. Lominy	07/01/2024
	** 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).
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.

Bion Environmental (BNET) Form 4BION ENVIRONMENTAL / Danielle C. Lominy ownership change