Form 3 Parlow Christopher B.

Initial statement of beneficial ownership of securities

Published: 2019-04-10 14:43:40
Submitted: 2019-04-10
Period Ending In: 2019-04-03
doc1.html FORM 3


SEC FORM 3

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Parlow Christopher B.

(Last) (First) (Middle)
23 LONGBOW DRIVE

(Street)
COMMACK NY 11725

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/03/2019
3. Issuer Name and Ticker or Trading Symbol
BION ENVIRONMENTAL TECHNOLOGIES INC [ BNET ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 2,005 D
Common Stock 250,000 I By Christopher Parlow Trust
Common Stock 65,000 I Jointly with wife
Common Stock 30,000 I By minor daughter
Common Stock 20,000 I By minor daughter
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants CAP2017 02/26/2018 12/31/2020 Common Stock 150,000 0.75 D
Warrants A-2* 05/15/2005 12/31/2022 Common Stock 60,000 1.5 I With Wife
Warrants DB-1-A* 01/11/2009 12/31/2022 Common Stock 40,000 0.75 I With Wife
Warrants COVWAR 01/01/2015 12/31/2022 Common Stock 47,154 1 I With Wife
Warrants SVDB 08/31/2003 12/31/2022 Common Stock 234,000 1.5 I By Christopher Parlow Trust
Warrants A-1-2* 05/15/2005 12/31/2022 Common Stock 100,000 1.5 I By Christopher Parlow Trust
Warrants DB-1a 02/20/2004 12/31/2022 Common Stock 600,000 1 I By Christopher Parlow Trust
Warrants DB-1AB 01/11/2009 12/31/2022 Common Stock 200,000 0.75 I By Christopher Parlow Trust
Warrants DB-2A-1* 09/30/2009 12/31/2022 Common Stock 350,000 1.5 I By Christopher Parlow Trust
Warrants BNET 2-2 06/01/2011 12/31/2022 Common Stock 30,000 1.5 I By Christopher Parlow Trust
Warrants DB-3 11/09/2016 12/31/2022 Common Stock 100,000 1 I By Christopher Parlow Trust
Warrants DBEXT-2 07/15/2012 12/31/2022 Common Stock 50,000 1.5 I By Daughters
Warrants DB-CON 2 12/31/2013 12/31/2022 Common Stock 65,476 1.5 I By Daughters
Warrants COVWAR 01/01/2015 12/31/2022 Common Stock 141,458 1 I By Daughters
Warrants CAP2017 11/07/2017 12/31/2020 Common Stock 250,000 0.75 I By Daughters
Warrants DB 2019 Irrevocable Trust 03/25/2019 06/30/2025 Common Stock 1,500,000 0.6 I By D. Bassani 2019 Irrevocable Trust
Explanation of Responses:
Remarks:
Reporting Person is beneficiary of 1,500,000 warrants held in the Dominic Bassani 2019 Irrevocable Trust. These warrants do not carry an exercise bonus. The 400,000 Class CAP2017 carry an exercise bonus of 90 percent and the remaining 2,018,088 warrants (with terms as set forth above) carry an exercise bonus of 75 percent. Total number of warrants owned by reporting person (directly and indirectly) is 3,918,088.
/s/ Christopher B. Parlow 04/10/2019
** 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 5 (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.
doc1.xml FORM 3
Schema Version:
X0206
Document Type:
3
Period Of Report:
2019-04-03
No Securities Owned:
0

Issuer

Issuer Cik
0000875729
Issuer Name
BION ENVIRONMENTAL TECHNOLOGIES INC
Issuer Trading Symbol
BNET

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001773330
Rpt Owner Name
Parlow Christopher B.

Reporting Owner Address

Rpt Owner Street1
23 LONGBOW DRIVE
Rpt Owner City
COMMACK
Rpt Owner State
NY
Rpt Owner Zip Code
11725

Reporting Owner Relationship

Is Director
0
Is Officer
0
Is Ten Percent Owner
1
Is Other
0

Non Derivative Holding

Security Title
Common Stock
Shares Owned Following Transaction
2005
Direct Or Indirect Ownership
D
Security Title
Common Stock
Shares Owned Following Transaction
250000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Common Stock
Shares Owned Following Transaction
65000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
Jointly with wife
Security Title
Common Stock
Shares Owned Following Transaction
30000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By minor daughter
Security Title
Common Stock
Shares Owned Following Transaction
20000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By minor daughter

Derivative Holding

Security Title
Warrants CAP2017
Conversion Or Exercise Price
0.75
Exercise Date
2018-02-26
Expiration Date
2020-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
150000
Direct Or Indirect Ownership
D
Security Title
Warrants A-2*
Conversion Or Exercise Price
1.50
Exercise Date
2005-05-15
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
60000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
With Wife
Security Title
Warrants DB-1-A*
Conversion Or Exercise Price
0.75
Exercise Date
2009-01-11
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
40000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
With Wife
Security Title
Warrants COVWAR
Conversion Or Exercise Price
1.00
Exercise Date
2015-01-01
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
47154

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
With Wife
Security Title
Warrants SVDB
Conversion Or Exercise Price
1.50
Exercise Date
2003-08-31
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
234000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants A-1-2*
Conversion Or Exercise Price
1.50
Exercise Date
2005-05-15
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
100000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants DB-1a
Conversion Or Exercise Price
1.00
Exercise Date
2004-02-20
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
600000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants DB-1AB
Conversion Or Exercise Price
0.75
Exercise Date
2009-01-11
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
200000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants DB-2A-1*
Conversion Or Exercise Price
1.50
Exercise Date
2009-09-30
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
350000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants BNET 2-2
Conversion Or Exercise Price
1.50
Exercise Date
2011-06-01
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
30000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants DB-3
Conversion Or Exercise Price
1.00
Exercise Date
2016-11-09
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
100000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Christopher Parlow Trust
Security Title
Warrants DBEXT-2
Conversion Or Exercise Price
1.50
Exercise Date
2012-07-15
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
50000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Daughters
Security Title
Warrants DB-CON 2
Conversion Or Exercise Price
1.50
Exercise Date
2013-12-31
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
65476

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Daughters
Security Title
Warrants COVWAR
Conversion Or Exercise Price
1.00
Exercise Date
2015-01-01
Expiration Date
2022-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
141458

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Daughters
Security Title
Warrants CAP2017
Conversion Or Exercise Price
0.75
Exercise Date
2017-11-07
Expiration Date
2020-12-31

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
250000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By Daughters
Security Title
Warrants DB 2019 Irrevocable Trust
Conversion Or Exercise Price
0.60
Exercise Date
2019-03-25
Expiration Date
2025-06-30

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1500000

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By D. Bassani 2019 Irrevocable Trust
Remarks:
Reporting Person is beneficiary of 1,500,000 warrants held in the Dominic Bassani 2019 Irrevocable Trust. These warrants do not carry an exercise bonus. The 400,000 Class CAP2017 carry an exercise bonus of 90 percent and the remaining 2,018,088 warrants (with terms as set forth above) carry an exercise bonus of 75 percent. Total number of warrants owned by reporting person (directly and indirectly) is 3,918,088.

Owner Signature

Signature Name
/s/ Christopher B. Parlow
Signature Date
2019-04-10
Additional Files
FileSequenceDescriptionTypeSize
0001567619-19-008659.txt   Complete submission text file   24691
$CAP2017 $DB $COVWAR $SVDB $BNET $DBEXT

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SEC CFR Title 17 of the Code of Federal Regulations.