Statement of Changes in Beneficial Ownership (4)
December 02 2020 - 2:10PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
GINSBERG JEFFREY |
2. Issuer Name and Ticker or Trading Symbol
Net Element, Inc.
[
NETE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
3363 NE 163RD STREET, SUITE 705 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/1/2020 |
(Street)
NORTH MIAMI BEACH, FL 33160
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 12/1/2020 | | A(1) | | 4824 | A | (1) | 14824 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The compensation committee of the board of directors of Net Element, Inc. awarded to Jeffrey Ginsberg, Chief Financial Officer of Net Element, Inc., 4,824 restricted shares (the "Shares"). The Shares were not awarded under the Company's 2013 Equity Incentive Plan, as amended, but rather pursuant to Net Element, Inc.'s stockholders' approval on December 1, 2020 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date. |
Remarks: (1) Net Element, Inc. awarded 5,000 options to purchase shares of common stock (the "Options") to Jeffrey Ginsberg, Chief Financial Officer of the Company, pursuant to the terms of the Company's 2013 Equity Incentive Plan. (2) Options vest as follows: 100% of the option shares vest on the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
GINSBERG JEFFREY 3363 NE 163RD STREET, SUITE 705 NORTH MIAMI BEACH, FL 33160 |
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| Chief Financial Officer |
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Signatures
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/s/ Jeffrey Ginsberg | | 12/2/2020 |
**Signature of Reporting Person | Date |
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