SEC Form 4 · accession 0001144204-15-022937
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Apr 13, 2015
Accepted (ET)
Apr 15, 2015 · 2:27 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 13, 2015 | S | 2,518,688 | $2.00 | D | 0 | I | By K1 Holding Limited |
| Common StockF2 | holding | — | — | — | 4,538,737 | I | By Beno Distribution Ltd. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1K1 Holding Limited sold such security in a private sale pursuant to a privately negotiated Stock Purchase Agreement dated April 13, 2015.
- F2Such securities are owned directly by Beno Distribution Ltd. Nurlan Abdouv may be deemed to share beneficial ownership of the security held by Beno Distributions Ltd. by virtue of his status as the sole shareholder of Beno Distribution Ltd. Nurlan Abdouv disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.