BOLLINGER INNOVATIONS, INC. — Director's Dealing 2016

Jun 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Net Element, Inc. (NETE)
CIK: 0001499961
Period of Report: 2016-06-13

Reporting Person: Wolberg Steven (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-13	Restricted Shares of Common Stock	A	100000	—	Acquired	215001	Direct

Footnotes

F1: Net Element, Inc. (the "Company") awarded to Steven Wolberg, Chief Legal Officer of the Company, 1,000,000 restricted shares of Common Stock of the Company (adjusted to 100,000 shares as a result of the reverse stock split of May 25, 2016). Such award is not pursuant to the Company's 2013 Equity Incentive Plan (as amended). Such award is subject to and contingent upon the Company's stockholders' approval, which approval was obtained on June 13, 2016.

F2: As adjusted for a reverse stock split dated as of May 25, 2016.