SEC Form 4 · accession 0001144204-15-054466
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Sep 8, 2015
Accepted (ET)
Sep 10, 2015 · 5:28 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 StockF1 | Sep 8, 2015 | S | 500 | $0.1943 | D | 1,101,529 | I | By MZ Capital LLC (Delaware) |
| Common StockF1 | holding | — | — | — | 3,558,146 | I | By TGR Capital LLC | |
| Common StockF1 | holding | — | — | — | 1,777,344 | I | By: MTZ Fund LLC | |
| Common Stock | holding | — | — | — | 144 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mike Zoi is the Manager of each of TGR Capital LLC, MZ Capital LLC (Delaware) and MTZ Fund LLC. Mr. Zoi disclaims beneficial ownership of the securities held by each of such entities except to the extent of his pecuniary interest in such securities.
Remarks
Reporting person has ceased to be a 10% owner as the reporting person beneficially owns less than 10% of outstanding common stock of the Issuer.