Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Parlow Christopher B.
 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]
(Last)
(First)
(Middle)
23 LONGBOW DRIVE		 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 Original Filed(Month/Day/Year)
(Street)

COMMACK, NY 11725		 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 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Parlow Christopher B.
23 LONGBOW DRIVE
COMMACK, NY 11725		     X    

Signatures

/s/ Christopher B. Parlow 04/10/2019
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
 
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.

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

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