4//SEC Filing
Net Element International, Inc. 4
Accession 0001144204-13-055710
$BINICIK 0001499961operating
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 10:44 AM ET
Size
8.2 KB
Accession
0001144204-13-055710
Insider Transaction Report
Form 4
Piovanetti Francesco
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2013-08-01$6.45/sh+920$5,935→ 1,155,520 total(indirect: See Foonotes)
Holdings
- 3,714,000(indirect: See Foonotes)
Warrants
Exercise: $7.50From: 2013-04-01Exp: 2017-10-02→ Common shares (3,714,000 underlying)
Footnotes (4)
- [F1]These shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares") are held by Arco International Group LLC, a Puerto Rico limited liability company ("AIG").
- [F2]Mr. Piovanetti is the ultimate beneficiary of AIG and has voting control, investment discretion and dispositive power over the Shares held by AIG. As a result of the foregoing, Mr. Piovanetti may be deemed to have beneficial ownership (as determined under Section 13(d) of the Securities Exchange Act of 1934, as amended) of the Shares held by AIG.
- [F3]Mr. Piovanetti is the ultimate beneficiary of 1,155,520 Shares consisting of: (i) 1,150,000 shares of common stock held by Arco Group LLC ("Arco Group"); (ii) 4,600 shares of common stock held by Bond Street Management LLC; and (iii) 920 shares of common stock held by AIG. Mr. Piovanetti has a majority, controlling interest in Arco Group and, consequently, Mr. Piovanetti has voting control, investment discretion and dispositive power over the shares held by Arco Group. Mr. Piovanetti owns 25% of the outstanding equity interests in Bond Street Management LLC and he has voting control, investment discretion and dispositive power over the shares held by Bond Street Management LLC.
- [F4]Mr. Piovanetti is the ultimate beneficiary of 3,714,000 warrants of the Issuer with an exercise price of $7.50 per share and an expiration date of October 2, 2017, which are held by Arco Group.
Documents
Issuer
Net Element International, Inc.
CIK 0001499961
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001499961
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 10:44 AM ET
- Size
- 8.2 KB