BOLLINGER INNOVATIONS, INC. — Director's Dealing 2015

Sep 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Wolberg Steven (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-11	Restricted Shares of Common Stock	A	357143	$0.14	Acquired	1150005	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-11	Restricted Options of Common Stock	$0.22	A	357143	Acquired	2020-09-11	Restricted Shares of Common Stock (357143)	Direct

Footnotes

F1: Net Element, Inc. issued 357,143 restricted shares of common stock to Steven Wolberg pursuant to the terms of that certain Letter Agreement, dated as of September 11, 2015 (the "Letter Agreement"), with respect to equity funding of Net Element, Inc. by Steven Wolberg and certain other investors parties thereto.

F2: Option exercise price per share. Options are issued pursuant to the terms of the Letter Agreement.