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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X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bassani Dominic
(Last) (First) (Middle)
C/O BRIGHT CAPITAL, LTD
64 VILLAGE HILL DRIVE
(Street)
DIX HILLS NY 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 10% Owner
Officer (give title below) X Other (specify below)
Ceased being an affiliate(8)
3. Date of Earliest Transaction (Month/Day/Year)
01/03/2025
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)
Code V Amount (A) or (D) Price
Common Stock 1,444,968(1) I Dominic Bassani Estate(1)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Deferred Compensation $0.17 (2) (2) Common Stock 71,009(2) 71,009(2) I By Estate
Adjusted 2015 Replacement Note 2 $0.115 (3) (3) Common Stock 154,208(3) 68,754(3) I By Estate
2015 Replacement Note 1 $0.6 (4) (4) Common Stock 277,972(4) 277,972(4) I By Estate
2020 Convertible Collateral Note $0.5 (5) (5) Common Stock 760,765(5) 760,765(5) I By Estate
2020 Convertible Collateral Note $0.5 (5) (5) Warrant 507,371(5) 507,371(5) I By Estate
Warrants $0.75 (6) (6) Common Stock 475,000(6) 475,000(6) I By Estate and Linda Bassani
Warrants (CAP2017) $0.75 (7) (7) Common Stock 740,000(7) 740,000(7) I By Estate and Linda Bassani
The holdings of Danielle Lominy(8) $0.5(8) 01/03/2025 J 8,244,803 (8) (8) See Note(8) 8,244,803(8) $0.00 0(8) D(8)
Explanation of Responses:
1. As of January 3, 2025, 1,444,968 shares of common stock are owned by Linda Bassani who is the executor of the Dominic Bassani Estate "DB Estate".
2. As of January 3, 2025, the DB Estate owns $12,071.48 of deferred compensation which is convertible $.17/share. The conversion price is calculated by the average market price of the last ten days of the prior month (Dec 2024)
3. As of January 3, 2025, the DB Estate owns the 2015 Replacement Note #2 with a balance of $7906.66 which is convertible into 68,754 shares of common stock at $.115/share. The maturity date of this note is 4/15/2025.
4. As of January 3, 2025, the DB Estate owns the 2015 Replacement Note #1 with a balance of $166,782.66 which is convertible into 277,972 shares of common stock at $.60/share. The maturity date of this note is 4/15/2025.
5. As of January 3, 2025, the DB Estate owns the 2020 Convertible Collateral Note with a balance of $380,337.56 which is convertible into 760,765 shares and 507,371 warrants. The maturity date of this convertible note is 4/15/2025.
6. As of January 3, 2025, the DB Estate owns 325,000 warrants $.75 until 4/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 4/15/2025. These warrants carry a potential price adjustment of 75%.
7. As of January 3, 2025, the DB Estate owns 640,000 warrants $.75 until 4/15/2025 and Linda Bassani owns 100,000 warrants @ $.75 until 4/15/2025. These warrants carry a potential price adjustment of 90%.
8. As of January 3, 2025, Danielle Lominy, the adult daughter of Linda Bassani , no longer resides within Linda Bassani's residence. As a result, the reported Bassani Estate and Linda Bassani's holding are substantially reduced as prior form 4's and other SEC filings included all the securities held (directly and indirectly) by Danielle Lominy. As of January 3, 2025, the DB Estate and Linda Bassani are no longer affiliates of the company as their beneficial ownership has been reduced to lower than 10%. This will be the final filing related to Linda Bassani and the DB Bassani Estate based on the residual beneficial ownership set forth above.
Remarks:
As of January 3, Danielle Lominy's ownership includes 170,000 shares held directly by Ms. Lominy, 1,511,477 shares underlying warrants held by the Danielle Christine Bassani Trust, 400,000 shares owned by the Danielle Bassani Trust, 311,458 shares underlying warrants and 105,000 shares underlying warrants owned jointly with husband and 230,000 shares underlying warrants owned by Danielle Lominy's minor daughter. In addition, Danielle is the 50% beneficial owner of the Dominic Bassani Irrevocable Trust ("2019 Trust") which owns 3,000,000 warrants to purchase shares of the Company's common stock and, as a result Danielle Lominy is the beneficial owner of 1,500,000 shares underlying exercise of the warrants. Additionally, the 2019 Trust owns $459,277.02 principal amount of the Company's Adjusted 2020 Convertible Obligation ("CV Obligation") which is convertible @ $.0953 into 4,819,277 shares and 3,214,458 warrants. As a result, Danielle Lominy is the beneficial owner of 2,49,639 shares underlying conversion of the CV Obligation and 1,607,229 shares underlying the warrants issuable on conversion of the CV Obligation. See Danielle Lominy's Form 4 filing on January 22, 2025 for changes in ownership.
/s/ Linda Bassani Individually and on the behalf of the Dominic Bassani Estate 01/24/2025
** 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).
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