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BOLLINGER INNOVATIONS, INC. Director's Dealing 2017

Dec 30, 2017

35499_dirs_2017-12-29_51f583cc-f041-49e5-ae64-812da638e28f.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: 2017-12-28

Reporting Person: Firer Oleg (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2017-12-28 Common Stock A 67500 Acquired 243863 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 95884 Indirect

Footnotes

F1: Net Element, Inc. awarded to Oleg Firer, Chief Executive Officer of the Company, 67,500 Restricted Shares, as defined in the Company's 2013 Equity Incentive Plan, as amended, (the "Shares") on December 28, 2017 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date.

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: As adjusted by a reverse stock split on October 5, 2017.