Net Element, Inc. 4
4 · Net Element, Inc. · Filed Mar 2, 2017
Insider Transaction Report
Form 4
New Jonathan
Chief Financial Officer
Transactions
- Award
Restricted Shares of Common Stock
2017-02-28+12,568→ 30,232 total - Award
Options to Purchase Shares of Common Stock
2017-02-28$0.81/sh+120,000$97,560→ 189,762 totalExercise: $0.81Exp: 2027-02-28→ Options to Purchase Shares of Common Stock (120,000 underlying)
Holdings
- 1,075(indirect: By Son)
Common Stock
- 575(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]Net Element, Inc. (the "Company") awarded to Jonathan New, Chief Financial Officer of the Company, 12,568 Restricted Shares (as defined in the Company's 2013 Equity Incentive Plan, as amended (the "Plan"), vesting as follows: (i) 50% of such shares vest on the grant date, and (ii) the balance 50% of such shares vest quarterly in 4 equal proportions over a period of 4 quarters.
- [F2]Net Element, Inc. awarded 120,000 options to purchase shares of common stock to Jonathan New pursuant to the terms of the Plan.
- [F3]Options vest as follows: (i) 50% of the option shares vest on the grant date, and (ii) the balance 50% of the option shares vest quarterly in 4 equal proportions over a period of 4 quarters.