Net Element, Inc. 4
4 · Net Element, Inc. · Filed Jun 10, 2015
Insider Transaction Report
Form 4
Rakishev Kenges
Director10% Owner
Transactions
- Award
Common Stock
2015-06-09+22,500→ 7,700,335 total(indirect: See Footnotes)
Footnotes (4)
- [F1]379,584 of these Shares (as defined below) are held directly by Mr. Rakishev (as defined below). "Shares" are shares of common stock of the Issuer, par value $0.0001 per share.
- [F2]7,320,751 of these Shares are held by Novatus Holding PTE. Ltd., a private limited company organized under the laws of Singapore ("Novatus").
- [F3]Kenges Rakishev, a citizen of the Republic of Kazakhstan ("Mr. Rakishev"), is the sole shareholder of Novatus. Consequently, Mr. Rakishev has voting control and investment discretion over the Shares held by 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 Novatus.
- [F4]Each of Mr. Rakishev and Novatus disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.