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<TITLE>As Filed With the Securities and Exchange Commission on May 26, 2011</TITLE>
<META NAME="author" CONTENT="Virginia Mann">
<META NAME="date" CONTENT="02/12/2015">
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<DIV style="width:624px"><P style="margin:0px; font-size:11pt" align=center>As Filed With the Securities and Exchange Commission on February 27, 2015</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=right>Registration Statement No. ___________</P>
<P style="margin:0px; font-size:11pt">_____________________________________________________________________________________</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>FORM S-8</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>BION ENVIRONMENTAL TECHNOLOGIES, INC.</B></P>
<P style="margin:0px; font-size:11pt" align=center>Exact name of Registrant as Specified in its Charter</P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=288.6 /><TD width=17.4 /><TD width=257.667 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=top width=288.6><P style="margin:0px; font-size:11pt" align=center><B>Colorado</B></P>
</TD><TD style="margin-top:0px" valign=top width=17.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1.333px solid #000000" valign=top width=257.667><P style="margin:0px; font-size:11pt" align=center><B>84-1176672</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=288.6><P style="margin:0px; font-size:11pt" align=center>State or Other Jurisdiction of Incorporation</P>
</TD><TD style="margin-top:0px" valign=top width=17.4><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=257.667><P style="margin:0px; font-size:11pt" align=center>IRS Employer Identification Number</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Box 566/1774 Summitview Way</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Crestone, Colorado 81131</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Address of Principal Executive Offices, Including Zip Code)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>(212) 758-6622</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Registrant's Telephone Number, Including Area Code)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Bion Environmental Technologies, Inc.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>2006 Consolidated Incentive Plan</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Full title of plan)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Mark A. Smith, President</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Bion Environmental Technologies, Inc.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Box 566/1774 Summitview Way, Crestone, Colorado &nbsp;&nbsp;81131</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Name and address of agent for service)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>(212) 758-6622</B></P>
<P style="margin:0px; font-size:11pt" align=center>(Telephone number, including area code, for agent of service)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center>Copy to:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Jon D. Sawyer, Esq.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Jon D. Sawyer, P.C.</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>303 East Seventeenth Avenue, Suite 800</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>Denver, Colorado &nbsp;80203</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>(720) 328-3561</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. &nbsp;See the definitions of &quot;large accelerated filer,&quot; &quot;accelerated filer&quot; and &quot;smaller reporting company&quot; in Rule 12b-2 of the Exchange Act.</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=300 /><TD width=18 /><TD width=228 /></TR>
<TR><TD style="margin-top:0px" valign=top width=300><P style="margin:0px; font-size:11pt">Large accelerated filer &nbsp;<FONT style="font-family:Calibri,Times New Roman; font-size:10pt">&nbsp;</FONT><FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT> </P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=228><P style="margin:0px; font-size:11pt">Accelerated filer &nbsp;<FONT style="font-family:Calibri,Times New Roman; font-size:10pt">&nbsp;</FONT><FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=300><P style="margin:0px; font-size:11pt">Non-accelerated filer &nbsp;&nbsp;&nbsp;<FONT style="font-family:Calibri,Times New Roman; font-size:10pt">&nbsp;</FONT><FONT style="font-family:Wingdings; font-size:10pt">&#168;</FONT></P>
<P style="margin:0px; font-size:11pt">(Do not check if a smaller reporting company) </P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=228><P style="margin:0px; font-size:11pt">Smaller reporting company &nbsp;<FONT style="font-family:Wingdings; font-size:10pt">x</FONT></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=124 /><TD width=96.4 /><TD width=128.8 /><TD width=132 /><TD width=141.467 /></TR>
<TR><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=124><P style="margin:0px" align=center>Title of Securities to</P>
<P style="margin:0px" align=center>be Registered</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=96.4><P style="margin:0px" align=center>Amount to be</P>
<P style="margin:0px" align=center>Registered<SUP>(1)</SUP></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=128.8><P style="margin:0px" align=center>Proposed Maximum</P>
<P style="margin:0px" align=center>Offering Price Per</P>
<P style="margin:0px" align=center>Share</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132><P style="margin:0px" align=center>Proposed Maximum</P>
<P style="margin:0px" align=center>Aggregate Offering</P>
<P style="margin:0px" align=center>Price</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=141.467><P style="margin:0px" align=center>Amount of</P>
<P style="margin:0px" align=center>Registration Fee</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=124><P style="margin:0px">Common Stock,</P>
<P style="margin:0px">No Par Value</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.4><P style="margin:0px" align=center>5,000,000</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=128.8><P style="margin:0px" align=center>$0.81<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=132><P style="margin:0px" align=center>$4,050,000<SUP>(2)</SUP></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=141.467><P style="margin:0px" align=center>$470.61</P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=124><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=96.4><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=128.8><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=132><P style="margin:0px" align=center>Total</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=141.467><P style="margin:0px" align=center>$470.61</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>(1) Represents increase in the total number of shares reserved for issuance under the 2006 Consolidated Incentive Plan. &nbsp;A total of 17,000,000 shares have previously been registered under a registration statement on Form S-8 (File No. 333-145153) with respect to the 2006 Consolidated Incentive Plan.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>(2) Based on the closing price of Registrant's Common Stock on the OTC Bulletin Board on February 23, 2015, of $0.81.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>STATEMENT UNDER GENERAL INSTRUCTION E</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>REGISTRATION OF ADDITIONAL SECURITIES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>The registrant, Bion Environmental Technologies, Inc., previously filed a registration statement on Form S-8 with the Securities and Exchange Commission on August 6, 2007 (Sec File No. 333-145153) in connection with the registration of an aggregate of 3,200,000 shares of common stock to be issued under the 2006 Consolidated Incentive Plan; on June 18, 2008, an amendment was filed increasing the number of shares being registered to 4,200,000; on October 16, 2009, an amendment was filed increasing the number of shares being registered to 6,000,000; on May 27, 2011, an amendment was filed increasing the number of shares being registered to 8,000,000; on February 28, 2013, an amendment was filed increasing the number of shares being registered to 12,000,000; and on May 28, 2014, an amendment was filed increasing the number of shares being registered to 17,000,000.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-size:11pt" align=justify>Pursuant to General Instruction E of Form S-8, this registration statement is filed solely to register an additional 5,000,000 shares of the Company's common stock for issuance under the 2006 Consolidated Incentive Plan. &nbsp;This increase was approved by the registrant's Board of Directors on February 1, 2015. &nbsp;Pursuant to Instruction E, the contents of the previously filed registration statement on Form S-8 (File No. 333-145153) are hereby incorporated by reference into this registration statement.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>PART II</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:11pt; float:left"><B>Item 8.</B></P>
<P style="margin:0px; text-indent:-2px; font-size:11pt"><B>Exhibits.</B></P>
<P style="margin:0px; clear:left"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=66.6 /><TD width=16.733 /><TD width=337.867 /><TD width=18 /><TD width=199.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; font-size:11pt"><B>Exhibit</B></P>
<P style="margin:0px; font-size:11pt"><B><U>Number</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><U>Description</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt"><B><U>Location</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; font-size:11pt">5.1</P>
</TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; font-size:11pt">Opinion of Jon D. Sawyer, P.C. regarding legality</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; font-size:11pt">Filed herewith electronically</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; font-size:11pt">23.1</P>
</TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; font-size:11pt">Consent of GHP Horwath, P.C.</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; font-size:11pt">Filed herewith electronically</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.6><P style="margin:0px; font-size:11pt">23.2</P>
</TD><TD style="margin-top:0px" valign=top width=16.733><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=337.867><P style="margin:0px; font-size:11pt">Consent of Jon D. Sawyer, P.C.</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=199.2><P style="margin:0px; font-size:11pt">(Contained in Exhibit 5.1)</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Crestone and State of Colorado on the 27<SUP>th</SUP> day of February 2015.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=217.2 /><TD width=42 /><TD width=379.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; font-size:11pt"><B>BION ENVIRONMENTAL TECHNOLOGIES, INC.</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; font-size:11pt" align=right>By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=379.2><P style="margin:0px; font-size:11pt"><I>/s/ Dominic Bassani</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; font-size:11pt">Dominic Bassani, Chief Executive Officer (Chief Executive Officer)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; font-size:11pt" align=right>By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=379.2><P style="margin:0px; font-size:11pt"><I>/s/ Mark A. Smith</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=217.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=379.2><P style="margin:0px; font-size:11pt">Mark A. Smith, President, Executive Chairman and Chief Financial Officer (Principal Financial and Accounting Officer)</P>
</TD></TR>
</TABLE>
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<P style="margin:0px; text-indent:48px; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</P>
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</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=211.2 /><TD width=18 /><TD width=204 /><TD width=42 /><TD width=163.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; font-size:11pt" align=center><B><U>Signature</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt" align=center><B><U>Title</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; font-size:11pt" align=center><B><U>Date</U></B></P>
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<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=211.2><P style="margin:0px; font-size:11pt"><I>/s/ Edward T. Schafer</I></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt">Executive Vice Chairman</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; font-size:11pt" align=center>February 27, 2015</P>
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<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; font-size:11pt">Edward T. Schafer</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt">and Director</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=211.2><P style="margin:0px; font-size:11pt"><I>/s/ Mark A. Smith</I></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt">President, Executive</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; font-size:11pt" align=center>February 27, 2015</P>
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<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; font-size:11pt">Mark A. Smith</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt">Chairman, Chief Financial Officer and Director</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=211.2><P style="margin:0px; font-size:11pt"><I>/s/ Jon Northrop</I></P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; font-size:11pt">Secretary and Director</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; font-size:11pt" align=center>February 27, 2015</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=211.2><P style="margin:0px; font-size:11pt">Jon Northrop</P>
</TD><TD style="margin-top:0px" valign=top width=18><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=204><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=163.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD></TR>
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As Filed With the Securities and Exchange Commission on May 26, 2011
As Filed With the Securities and Exchange Commission on February 27, 2015
Registration Statement No. ___________
_____________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
BION ENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant as Specified in its Charter
Colorado
84-1176672
State or Other Jurisdiction of Incorporation
IRS Employer Identification Number
Box 566/1774 Summitview Way
Crestone, Colorado 81131
(Address of Principal Executive Offices, Including Zip Code)
(212) 758-6622
(Registrant's Telephone Number, Including Area Code)
Bion Environmental Technologies, Inc.
2006 Consolidated Incentive Plan
(Full title of plan)
Mark A. Smith, President
Bion Environmental Technologies, Inc.
Box 566/1774 Summitview Way, Crestone, Colorado   81131
(Name and address of agent for service)
(212) 758-6622
(Telephone number, including area code, for agent of service)
Copy to:
Jon D. Sawyer, Esq.
Jon D. Sawyer, P.C.
303 East Seventeenth Avenue, Suite 800
Denver, Colorado  80203
(720) 328-3561
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
¨
(Do not check if a smaller reporting company)
Smaller reporting company
x
CALCULATION OF REGISTRATION FEE
Title of Securities to
be Registered
Amount to be
Registered
(1)
Proposed Maximum
Offering Price Per
Share
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration Fee
Common Stock,
No Par Value
5,000,000
$0.81
(2)
$4,050,000
(2)
$470.61
Total
$470.61
(1) Represents increase in the total number of shares reserved for issuance under the 2006 Consolidated Incentive Plan.  A total of 17,000,000 shares have previously been registered under a registration statement on Form S-8 (File No. 333-145153) with respect to the 2006 Consolidated Incentive Plan.
(2) Based on the closing price of Registrant's Common Stock on the OTC Bulletin Board on February 23, 2015, of $0.81.
STATEMENT UNDER GENERAL INSTRUCTION E
REGISTRATION OF ADDITIONAL SECURITIES
The registrant, Bion Environmental Technologies, Inc., previously filed a registration statement on Form S-8 with the Securities and Exchange Commission on August 6, 2007 (Sec File No. 333-145153) in connection with the registration of an aggregate of 3,200,000 shares of common stock to be issued under the 2006 Consolidated Incentive Plan; on June 18, 2008, an amendment was filed increasing the number of shares being registered to 4,200,000; on October 16, 2009, an amendment was filed increasing the number of shares being registered to 6,000,000; on May 27, 2011, an amendment was filed increasing the number of shares being registered to 8,000,000; on February 28, 2013, an amendment was filed increasing the number of shares being registered to 12,000,000; and on May 28, 2014, an amendment was filed increasing the number of shares being registered to 17,000,000.
Pursuant to General Instruction E of Form S-8, this registration statement is filed solely to register an additional 5,000,000 shares of the Company's common stock for issuance under the 2006 Consolidated Incentive Plan.  This increase was approved by the registrant's Board of Directors on February 1, 2015.  Pursuant to Instruction E, the contents of the previously filed registration statement on Form S-8 (File No. 333-145153) are hereby incorporated by reference into this registration statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8.
Exhibits.
Exhibit
Number
Description
Location
5.1
Opinion of Jon D. Sawyer, P.C. regarding legality
Filed herewith electronically
23.1
Consent of GHP Horwath, P.C.
Filed herewith electronically
23.2
Consent of Jon D. Sawyer, P.C.
(Contained in Exhibit 5.1)
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Crestone and State of Colorado on the 27
th
day of February 2015.
BION ENVIRONMENTAL TECHNOLOGIES, INC.
By:
/s/ Dominic Bassani
Dominic Bassani, Chief Executive Officer (Chief Executive Officer)
By:
/s/ Mark A. Smith
Mark A. Smith, President, Executive Chairman and Chief Financial Officer (Principal Financial and Accounting Officer)
Pursuant to the requirements of the Securities Act of 1933, this Form S-8 Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Edward T. Schafer
Executive Vice Chairman
February 27, 2015
Edward T. Schafer
and Director
/s/ Mark A. Smith
President, Executive
February 27, 2015
Mark A. Smith
Chairman, Chief Financial Officer and Director
/s/ Jon Northrop
Secretary and Director
February 27, 2015
Jon Northrop