SEC Form 4 · accession 0001144204-17-051302
Net Element, Inc. · NETE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oleg Firer
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Oct 3, 2017
Accepted (ET)
Oct 4, 2017 · 10:50 am 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 | Oct 3, 2017 | A | 471,388 | — | A | 1,763,626 | D | |
| Restricted Shares of Common StockF2 | holding | — | — | — | 285,715 | I | By: Star Equities, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Net Element, Inc. (the "Company") awarded to Oleg Firer, Chief Executive Officer of the Company, 471,388 restricted shares of Common Stock of the Company as a performance bonus. Such award is not pursuant to the Company's 2013 Equity Incentive Plan (as amended). Such award was subject to and contingent upon the Company's stockholders' approval, which approval was obtained on October 3, 2017.
- F2Oleg Firer is a managing member of Star Equities, LLC. Mr. Firer disclaims beneficial ownership of the securities held by Star Equities, LLC except to the extent of his pecuniary interest in such securities.