SEC Form 4/A · accession 0001144204-15-004779
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Oleg Firer
Officer — CEO · Director
Period of report
Dec 10, 2014
Accepted (ET)
Jan 29, 2015 · 8:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001499961
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Shares of Common StockF1,F2,F3 | Dec 10, 2014 | A | 200,000 | $0.00 | A | 3,380,655 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The restricted shares of common stock are subject to vesting in equal proportions on April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016.
- F2The original Form 4, filed December 11, 2014, reported 200,000 shares of Incentive Stock Options. This amendment is being filed to correctly report the 200,000 shares as Restricted Shares of Common Stock (rather than Incentive Stock Options) subject to vesting as described in footnote one.
- F3In addition, the original Form 4, filed December 11, 2014, reported that the awarded 331,383 shares of restricted common stock are subject to vesting in three equal one-third amounts of the total grant commencing on January 1, 2015, and thereafter on January 1, 2016 and January 1, 2017. This amendment is filed to correct the vesting schedule for such 331,383 restricted shares. All such 331,383 restricted shares vest on January 1, 2015.