4//SEC Filing
Net Element, Inc. 4
Accession 0000899243-16-023944
$BINICIK 0001499961operating
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 9:05 PM ET
Size
5.9 KB
Accession
0000899243-16-023944
Insider Transaction Report
Form 4
Rakishev Kenges
Director10% Owner
Transactions
- Award
Common Stock
2016-06-28+1,500→ 1,952,247 total
Footnotes (3)
- [F1]The number of Shares (as defined below) has been adjusted to reflect a 10-1 reverse stock split on May 25, 2016. "Shares" are shares of common stock of the Issuer, par value $0.0001 per share.
- [F2]As disclosed on Amendment No. 6 to Schedule 13D filed by Mr. Rakishev with the Securities and Exchange Commission on April 14, 2016, on April 8, 2016 Novatus Holding PTE. Ltd., a private limited company organized under the laws of Singapore (of which Mr. Rakishev is the sole shareholder), transferred 7,320,751 Shares held directly by Novatus to Mr. Rakishev for no consideration. Such transfer effected only a change in form of beneficial ownership pursuant to Rule 16a-3 promulgated under the Securities Exchange Act of 1934, as amended, and, as a result, all Shares previously reported to be held by Mr. Rakishev indirectly through Novatus are now held directly by Mr. Rakishev.
- [F3]Mr. Rakishev disclaims beneficial ownership of these Shares except to the extent of his pecuniary interest therein.
Documents
Issuer
Net Element, Inc.
CIK 0001499961
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001499961
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 9:05 PM ET
- Size
- 5.9 KB