Net Element, Inc. 4
4 · Net Element, Inc. · Filed Sep 15, 2015
Insider Transaction Report
Form 4
Firer Oleg
DirectorCEO
Transactions
- Other
Restricted Shares of Common Stock
2015-09-11$0.14/sh+2,142,857$300,000→ 2,142,857 total(indirect: By LLC) - Other
Restricted Options of Common Stock
2015-09-11$0.22/sh+2,142,857$471,429→ 2,142,857 total(indirect: By LLC)Exercise: $0.22From: 2015-09-11Exp: 2020-09-11→ Restricted Shares of Common Stock (2,142,857 underlying)
Holdings
- 3,180,655
Restricted Shares of Common Stock
- 200,000
Incentive Stock Options
Exercise: $1.34Exp: 2014-12-10→ Common Stock (200,000 underlying)
Footnotes (4)
- [F1]Net Element, Inc. issued 2,142,857 restricted shares of common stock to Star Equities, LLC pursuant to the terms of that certain Letter Agreement, dated as of September 11, 2015 (the "Letter Agreement"), with respect to equity funding of Net Element, Inc. by Star Equities, LLC and certain other investors parties thereto.
- [F2]Oleg 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.
- [F3]Option exercise price per share. Options are issued pursuant to the terms of the Letter Agreement.
- [F4]The incentive stock options to purchase 200,000 shares of common stock at an exercise price of $1.34 per share, as described under the Company's 2013 Equity Compensation Plan, are subject to vesting quarterly, starting January 1, 2015.