SEC Form 4 · accession 0001144204-16-108180
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Wolberg
Officer — Chief Legal Officer
Period of report
Jun 13, 2016
Accepted (ET)
Jun 14, 2016 · 3:51 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 StockF2,F1 | Jun 13, 2016 | A | 100,000 | — | A | 215,001 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Net Element, Inc. (the "Company") awarded to Steven Wolberg, Chief Legal Officer of the Company, 1,000,000 restricted shares of Common Stock of the Company (adjusted to 100,000 shares as a result of the reverse stock split of May 25, 2016). Such award is not pursuant to the Company's 2013 Equity Incentive Plan (as amended). Such award is subject to and contingent upon the Company's stockholders' approval, which approval was obtained on June 13, 2016.
- F2As adjusted for a reverse stock split dated as of May 25, 2016.