BOLLINGER INNOVATIONS, INC. — Director's Dealing 2015

Oct 10, 2015

SEC Form 4/A — Form 4/A

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2015-09-11

Reporting Person: Firer Oleg (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-11	Restricted Shares of Common Stock	J	2857143	$0.14	Acquired	2857143	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-11	Restricted Options of Common Stock	$0.22	J	2857143	Acquired	2020-09-11	Restricted Shares of Common Stock (2857143)	Indirect

Footnotes

F1: Net Element, Inc. issued 2,857,143 restricted shares of common stock to Star Equities, LLC pursuant to the terms of that certain Letter Agreement, dated as of September 11, 2015 (the "Letter Agreement"), as modified by the Additional Letter Agreement (see footnote 4) with respect to equity funding of Net Element, Inc. by Star Equities, LLC and certain other investors parties thereto.

F2: Oleg Firer is a managing member of Star Equities, LLC. Mr. Firer disclaims beneficial ownership of the securities held by Star Equities, LLC except to the extent of his pecuniary interest in such securities.

F3: Option exercise price per share. Options are issued pursuant to the terms of the Letter Agreement.

F4: The original Form 4, filed September 15, 2015, reported 2,142,857 shares of Restricted Shares of Common Stock and Restricted Options of Common Stock. This amendment is being filed to amend the total number of Restricted Shares of Common Stock and Restricted Options of Common Stock as 2,857,143 due to the Additional Letter Agreement, dated as of October 7, 2015 among Net Element, Inc., Star Equities, LLC and certain other investor parties thereto.