BOLLINGER INNOVATIONS, INC. — Director's Dealing 2015

Jan 30, 2015

SEC Form 4/A — Form 4/A

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

Reporting Person: Firer Oleg (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-10	Restricted Shares of Common Stock	A	200000	—	Acquired	3380655	Direct

Footnotes

F1: The restricted shares of common stock are subject to vesting in equal proportions on April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016.

F2: The original Form 4, filed December 11, 2014, reported 200,000 shares of Incentive Stock Options. This amendment is being filed to correctly report the 200,000 shares as Restricted Shares of Common Stock (rather than Incentive Stock Options) subject to vesting as described in footnote one.

F3: In addition, the original Form 4, filed December 11, 2014, reported that the awarded 331,383 shares of restricted 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. This amendment is filed to correct the vesting schedule for such 331,383 restricted shares. All such 331,383 restricted shares vest on January 1, 2015.