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BOLLINGER INNOVATIONS, INC. Director's Dealing 2015

Apr 15, 2015

35499_dirs_2015-04-15_a2d0d0cf-7b10-4ada-8e4d-2ac8ba4f8d0b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2015-04-13

Reporting Person: Abdouv Nurlan (9.56% post-sale)
Reporting Person: BENO DISTRIBUTION, LTD (9.56% post-sale)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2015-04-13 Common Stock S 2518688 $2.00 Disposed 0 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4538737 Indirect

Footnotes

F1: K1 Holding Limited sold such security in a private sale pursuant to a privately negotiated Stock Purchase Agreement dated April 13, 2015.

F2: Such securities are owned directly by Beno Distribution Ltd. Nurlan Abdouv may be deemed to share beneficial ownership of the security held by Beno Distributions Ltd. by virtue of his status as the sole shareholder of Beno Distribution Ltd. Nurlan Abdouv disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.