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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(Print or Type Responses)

1. Name and Address of Reporting Person * Bassani Dominic   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 __X__ Officer (give title below) _____ Other (specify below) CEO (Last) (First) (Middle) C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE 3. Date of Earliest Transaction (Month/Day/Year) 08/22/2018 (Street) DIX HILLS, NY 11746 4. If Amendment, Date 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 (City) (State) (Zip) 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 Underlying Securities (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 of Derivative Security: 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

Warrants Class DBEXT (1)

$ 0.6

08/22/2018

P

3,000,000

08/22/2018

06/30/2025

Common Stock

3,000,000

$ 0.1

3,000,000

D

Warrants Class DBADV-1 (2)

$ 0.85

08/27/2018

S

15,000

03/31/2014

12/31/2022

Common Stock

15,000

$ 0.1

0

D

Warrants Class DBADV-2 (3)

$ 0.85

08/27/2018

S

15,000

06/30/2014

12/31/2022

Common Stock

15,000

$ 0.1

0

D

DB Replacement Note 2 (4)

$ 0.6

08/27/2018

S

$ 300,000

(4)

(4)

Common Stock

$ 300,000

(4)

$ 21,401.92 (4)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Bassani Dominic C/O BRIGHT CAPITAL, LTD. 64 VILLAGE HILLS DRIVE DIX HILLS, NY 11746		X	CEO

Signatures

/s/ Dominic Bassani		08/31/2018
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	These warrants were acquired in connection with an agreement re extension of reported person's service as CEO of the Company which agreement was verbally agreed to on July 29, 2018 and ratified by the Company's Board of Directors on August 22, 2018. The warrants were purchased with a $300,000 secured promissory note and the Company is holding certain securities that the reporting person owns as collateral until the promissory note is satisfied.
(2)	Each of these warrants includes a potential 75% exercise bonus. These warrants were sold to unaffiliated parties for $.10/warrant and are exercisable until 12/31/2022.
(3)	Each of these warrants includes a potential 75% exercise bonus. These warrants were sold to unaffiliated parties for $.10/warrant and are exercisable until 12/31/2022.
(4)	$300,000 of the DB Replacement Note 2 (as defined in note 7 of financial statements of 10Q for 3/31/2018) was sold and is convertible @$.60/share. The balance of this note prior to the sale was $321,401.92.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.