BOLLINGER INNOVATIONS, INC. — Director's Dealing 2014

Sep 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2014-09-16

Reporting Person: ZOI MIKE (10% Owner)
Reporting Person: TGR Capital, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-16	Common Stock	S	113495	$2.6293	Disposed	12610474	Indirect
2014-09-17	Common Stock	S	1000000	$3.7288	Disposed	11610474	Indirect
2014-09-17	Common Stock	S	920861	$3.2162	Disposed	10689613	Indirect
2014-09-18	Common Stock	S	461590	$3.1211	Disposed	10228023	Indirect
2014-09-22	Common Stock	S	427380	$3.0619	Disposed	9800643	Indirect
2014-09-22	Common Stock	S	46409	$3.0016	Disposed	1102029	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1777344	Indirect
Common Stock	144	Direct

Footnotes

F1: Mike Zoi is the Manager of each of Enerfund LLC, TGR Capital LLC, MZ Capital LLC (Delaware) and MTZ Fund LLC. Mr. Zoi disclaims beneficial ownership of the securities held by each of such entities except to the extent of his pecuniary interest in such securities.