SEC Form 4 · accession 0001144204-17-065991
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
Dec 28, 2017
Accepted (ET)
Dec 29, 2017 · 9:42 pm EST
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,F3 | Dec 28, 2017 | A | 67,500 | — | A | 243,863 | D | |
| Common StockF3,F2 | holding | — | — | — | 95,884 | I | By: Star Equities LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Net Element, Inc. awarded to Oleg Firer, Chief Executive Officer of the Company, 67,500 Restricted Shares, as defined in the Company's 2013 Equity Incentive Plan, as amended, (the "Shares") on December 28, 2017 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date.
- 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.
- F3As adjusted by a reverse stock split on October 5, 2017.