Lominy Danielle C. 4/A
4/A · BION ENVIRONMENTAL TECHNOLOGIES INC · Filed Mar 3, 2020
Insider Transaction Report
Form 4/AAmended
Lominy Danielle C.
10% Owner
Transactions
- Gift
DB 2015 Convertible Note ("Old Note")
2019-11-18Exercise: $0.50→ Common Stock - Gift
2020 Convertible Obligation ("Note")
2020-01-29(indirect: See note)Exercise: $0.50→ See note
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]2,044,260 shares and 1,022,130 warrants