4//SEC Filing
Net Element, Inc. 4
Accession 0001144204-14-060786
$BINICIK 0001499961operating
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 6:29 AM ET
Size
12.1 KB
Accession
0001144204-14-060786
Insider Transaction Report
Form 4
ZOI MIKE
Director10% Owner
Transactions
- Other
Common Stock
2014-09-30−1,377,879→ 8,197,908 total(indirect: By LLC) - Other
Common Stock
2014-10-06−4,538,737→ 3,659,171 total(indirect: By LLC)
Holdings
- 1,777,344(indirect: By LLC)
Common Stock
- 144
Common Stock
- 1,102,029(indirect: By LLC)
Common Stock
TGR Energy, LLC
10% Owner
Transactions
- Other
Common Stock
2014-09-30−1,377,879→ 8,197,908 total(indirect: By LLC) - Other
Common Stock
2014-10-06−4,538,737→ 3,659,171 total(indirect: By LLC)
Holdings
- 1,102,029(indirect: By LLC)
Common Stock
- 1,777,344(indirect: By LLC)
Common Stock
- 144
Common Stock
Footnotes (3)
- [F1]On December 5, 2013, K 1 Holding Limited entered into a Letter Agreement (the "K 1 Agreement") with the Net Element, Inc. (the "Company"), and TGR Capital, LLC, and an affiliate of Mike Zoi ("TGR"). Pursuant to the K 1 Agreement, TGR agreed, subject to certain conditions precedent which conditions were satisfied prior to the transfer by TGR of the Common Stock to K 1 Holding, to transfer to K 1 Holding 1,377,879 shares of Common Stock of the Company. The consideration for such shares was the agreement by K 1 Holding to lend $2,000,000 to the Company and to provide certain consulting services to the Company.
- [F2]On June 10, 2014, Beno Distribution Ltd. ("Beno") entered into a Letter Agreement (the "Beno Agreement") with the Company, Mike Zoi, TGR and MTZ Fund, LLC, and an affiliate of Mike Zoi. Pursuant to the Agreement, TGR agreed, subject to certain conditions precedent which conditions were satisfied prior to the transfer by TGR of the Common Stock to Beno, to transfer to Beno 4,538,737 shares of Common Stock of the Company. The consideration for such shares was the agreement by the Company, in consideration for Mike Zoi's resignation as director and/or officer of the Company and any of its affiliates, to cause all of the shares of the Company common stock held by each of TGR and its affiliates to be registered.
- [F3]Mike Zoi is the Manager of each of TGR Capital LLC, MZ Capital LLC (Delaware) and MTZ Fund LLC. Mr. Zoi disclaims beneficial ownership of the securities held by each of such entities except to the extent of his pecuniary interest in such securities.
Documents
Issuer
Net Element, Inc.
CIK 0001499961
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001499961
Filing Metadata
- Form type
- 4
- Filed
- Oct 13, 8:00 PM ET
- Accepted
- Oct 14, 6:29 AM ET
- Size
- 12.1 KB