Firer Oleg 4
4 · Net Element, Inc. · Filed Oct 23, 2017
Insider Transaction Report
Form 4
Firer Oleg
DirectorCEO
Transactions
- Other
Restricted Shares of Common Stock
2017-10-20+67,312→ 353,027 total(indirect: By LLC)
Footnotes (2)
- [F1]Such shares were issued to Star Equities LLC pursuant to the conversion of that certain promissory note dated March 1, 2017 by Net Element, Inc. to Star Equities LLC of the entire outstanding amount of $374,253.13 (including the principal amount of $348,083.32 and accrued and unpaid interest), for a purchase price of $5.56 per share.
- [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.