SEC Form 4 · accession 0001144204-15-055023
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Healy
Director
Period of report
Sep 11, 2015
Accepted (ET)
Sep 15, 2015 · 4:02 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Shares of Common StockF1 | Sep 11, 2015 | A | 714,286 | $0.14 | A | 811,986 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Options of Common StockF2 | $0.22 | Sep 11, 2015 | A | 714,286 | A | Sep 11, 2015 | Sep 11, 2020 | Restricted Shares of Common Stock | 714,286 | 714,286 | D |
Explanation of responses
- F1Net Element, Inc. issued 714,286 restricted shares of common stock to William Healy pursuant to the terms of that certain Letter Agreement, dated as of September 11, 2015 (the "Letter Agreement"), with respect to equity funding of Net Element, Inc. by William Healy and certain other investors parties thereto.
- F2Option exercise price per share. Options are issued pursuant to the terms of the Letter Agreement.