4//SEC Filing
Rakishev Kenges 4
Accession 0001209191-12-048441
CIK 0001499961other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:40 PM ET
Size
8.8 KB
Accession
0001209191-12-048441
Insider Transaction Report
Form 4
Mark Global Corp
Director10% Owner
Transactions
- Award
Common Stock
2012-10-02+5,333,334→ 7,654,085 total(indirect: See Footnotes)
Rakishev Kenges
Director10% Owner
Transactions
- Award
Common Stock
2012-10-02+5,333,334→ 7,654,085 total(indirect: See Footnotes)
Footnotes (4)
- [F1]333,334 Shares (as defined below) are held directly by Kenges Rakishev, a citizen of the Republic of Kazakhstan ("Mr. Rakishev"). 5,000,00 Shares are held directly by Mark Global Corporation, a company organized under the laws of the British Virgin Islands ("Mark Global"). 2,320,751 Shares are held directly by Novatus Holding PTE. Ltd., a private limited company organized under the laws of Singapore ("Novatus "). "Shares" are shares of the Issuer's common stock, par value $0.0001 per share.
- [F2]Mr. Rakishev is the sole shareholder of each of Mark Global and Novatus. Consequently, Mr. Rakishev has voting control and investment discretion over the Shares held by each of Mark Global and Novatus. As a result of the foregoing, Mr. Rakishev 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 each of Mark Global and Novatus.
- [F3]Each of Mr. Rakishev, Mark Global and Novatus disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.
- [F4]On June 12, 2012, Net Element, Inc. ("Net Element") and the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement"). On October 2, 2012, the transactions contemplated by the Merger Agreement were consummated. Simultaneously with the consummation of the transactions contemplated by the Merger Agreement, and in accordance with the terms of the Merger Agreement, (i) Mark Global was issued 5,000,000 Shares in exchange for the 200,000,000 shares of common stock of Net Element that were held directly by Mark Global and (ii) Mr. Rakishev was issued 333,334 Shares in exchange for the 13,333,334 shares of common stock of Net Element that were held directly by Mr. Rakishev.
Documents
Issuer
Net Element International, Inc.
CIK 0001499961
Entity typeother
Related Parties
1- filerCIK 0001548375
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 6:40 PM ET
- Size
- 8.8 KB