BOLLINGER INNOVATIONS, INC. — Director's Dealing 2014

Dec 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2014-12-10

Reporting Person: Wolberg Steven (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-10	Restricted Shares of Common Stock	A	165691	—	Acquired	792862	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-10	Incentive Stock Options	$1.34	A	100000	Acquired	2024-12-10	Common Stock $0.0001 par value (100000)	Direct

Footnotes

F1: The restricted shares of common stock are subject to vesting in three equal one-third amounts of the total grant commencing on January 1, 2015, and thereafter on January 1, 2016 and January 1, 2017.

F2: The incentive stock options to purchase 100,000 shares of common stock at an exercise price of $1.34 per share, as described under the Company's 2013 Equity Compensation Plan, are subject to vesting quarterly, starting January 1, 2015.