4//SEC Filing
Net Element, Inc. 4
Accession 0001619517-14-000001
$BINICIK 0001499961operating
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 6:57 PM ET
Size
27.3 KB
Accession
0001619517-14-000001
Insider Transaction Report
Form 4
Arco Group LLC
10% Owner
Transactions
- Sale
Common Stock
2014-09-15$3.00/sh−250,000$750,150→ 328,168 total - Sale
Common Stock
2014-09-15$4.36/sh−100,000$436,050→ 955,520 total - Sale
Common Stock
2014-09-15$4.03/sh−100,000$403,100→ 805,520 total - Sale
Common Stock
2014-09-15$4.00/sh−100,000$400,000→ 653,168 total - Sale
Common Stock
2014-09-17$3.64/sh−50,000$182,030→ 278,168 total - Sale
Common Stock
2014-09-17$3.27/sh−102,648$335,218→ 175,520 total - Sale
Common Stock
2014-09-15$4.83/sh−100,000$482,680→ 1,055,520 total - Sale
Common Stock
2014-09-15$4.02/sh−52,352$210,633→ 753,168 total - Sale
Common Stock
2014-09-15$4.15/sh−50,000$207,650→ 905,520 total - Sale
Common Stock
2014-09-15$3.72/sh−50,000$185,820→ 603,168 total - Sale
Common Stock
2014-09-15$3.67/sh−25,000$91,635→ 578,168 total - Sale
Common Stock
2014-09-17$2.91/sh−170,000$495,516→ 5,520 total
Holdings
- 3,714,000
Warrants
Exercise: $7.50From: 2013-04-01Exp: 2017-10-02→ Common Stock (3,714,000 underlying)
Footnotes (5)
- [F1]Mr. Piovanetti is the ultimate beneficial owner of 5,520 shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares"), consisting of: (i) 4,600 Shares held by Bond Street Management LLC ("BSM"); and (ii) 920 Shares held by Arco International Group LLC ("AIG"). Mr. Piovanetti owns one third of the outstanding equity interest in BSM And has voting control, investment discretion and dispositive power over the Shares held by BSM. Mr. Piovanetti is the ultimate beneficiary of AIG and has voting control, investment discretion and dispositive power over the Shares held by AIG.
- [F2]Each of Arco Group LLC ("Arco Group"), Mr. Piovanetti, BSM and AIG disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.
- [F3]Mr. Piovanetti has a majority, controlling interest in Arco Group and, consequently, Mr. Piovanetti has investment discretion and dispositive power over the Shares held by Arco Group. Thus, Mr. Piovanetti is considered an indirect owner of said Shares.
- [F4]Mr. Piovanetti is the ultimate beneficiary of 3,714,000 warrants of the Issuer with an exercise price of $7.50 per share and an expiration date of October 2, 2017 (the "Warrants"), which are held by Arco Group. Thus, Mr. Piovanetti is considered an indirect owner of said Warrants.
- [F5]Each of Arco Group and Mr. Piovanetti disclaim beneficial ownership of these Warrants except to the extent of their respective pecuniary interest therein.
Documents
Issuer
Net Element, Inc.
CIK 0001499961
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001499961
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 6:57 PM ET
- Size
- 27.3 KB