SEC Form 4
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION | ||
Washington, D.C. 20549 | OMB APPROVAL | |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP | ||
OMB Number: | 3235-0287 | |
Estimated average burden | ||
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 | hours per response: | 0.5 |
or Section 30(h) of the Investment Company Act of 1940 |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer | |||||||||||||||||||||||||||||||||||
ASH HOWARD | Net Element, Inc.[ NETE ] | (Check all applicable) | |||||||||||||||||||||||||||||||||||
X | Director | 10% Owner | |||||||||||||||||||||||||||||||||||
Officer (give title | Other (specify | ||||||||||||||||||||||||||||||||||||
3. Date of Earliest Transaction (Month/Day/Year) | |||||||||||||||||||||||||||||||||||||
(Last) | (First) | (Middle) | below) | below) | |||||||||||||||||||||||||||||||||
04/22/2020 | |||||||||||||||||||||||||||||||||||||
2000 ISLAND BLVD, APT 1609 | |||||||||||||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable | ||||||||||||||||||||||||||||||||||||
(Street) | Line) | ||||||||||||||||||||||||||||||||||||
X Form filed by One Reporting Person | |||||||||||||||||||||||||||||||||||||
AVENTURA | FL | 33160 | |||||||||||||||||||||||||||||||||||
Form filed by More than One Reporting | |||||||||||||||||||||||||||||||||||||
Person | |||||||||||||||||||||||||||||||||||||
(City) | (State) | (Zip) | |||||||||||||||||||||||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||||||||||||||||||||||||
1. Title of Security (Instr. 3) | 2. Transaction | 2A. Deemed | 3. | 4. Securities Acquired (A) or | 5. Amount of | 6. Ownership | 7. Nature | ||||||||||||||||||||||||||||||
Date | Execution Date, | Transaction | Disposed Of (D) (Instr. 3, 4 and | Securities | Form: Direct | of Indirect | |||||||||||||||||||||||||||||||
(Month/Day/Year) | if any | Code (Instr. | 5) | Beneficially | (D) or Indirect | Beneficial | |||||||||||||||||||||||||||||||
(Month/Day/Year) | 8) | Owned Following | (I) (Instr. 4) | Ownership | |||||||||||||||||||||||||||||||||
Reported | (Instr. 4) | ||||||||||||||||||||||||||||||||||||
Code | V | Amount | (A) or | Price | Transaction(s) | ||||||||||||||||||||||||||||||||
(D) | (Instr. 3 and 4) | ||||||||||||||||||||||||||||||||||||
Common Stock | 04/22/2020 | A(1) | 2,027 | A | (1) | 6,285 | D | ||||||||||||||||||||||||||||||
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||||||||||||||||||||||||
(e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||||||||||||||||||||||||
1. Title of | 2. | 3. Transaction | 3A. Deemed | 4. | 5. Number | 6. Date Exercisable and | 7. Title and | 8. Price of | 9. Number of | 10. | 11. Nature | ||||||||||||||||||||||||||
Derivative | Conversion | Date | Execution Date, | Transaction | of | Expiration Date | Amount of | Derivative | derivative | Ownership | of Indirect | ||||||||||||||||||||||||||
Security | or Exercise | (Month/Day/Year) | if any | Code (Instr. | Derivative | (Month/Day/Year) | Securities | Security | Securities | Form: | Beneficial | ||||||||||||||||||||||||||
(Instr. 3) | Price of | (Month/Day/Year) | 8) | Securities | Underlying | (Instr. 5) | Beneficially | Direct (D) | Ownership | ||||||||||||||||||||||||||||
Derivative | Acquired | Derivative | Owned | or Indirect | (Instr. 4) | ||||||||||||||||||||||||||||||||
Security | (A) or | Security (Instr. | Following | (I) (Instr. 4) | |||||||||||||||||||||||||||||||||
Disposed | 3 and 4) | Reported | |||||||||||||||||||||||||||||||||||
of (D) | Transaction(s) | ||||||||||||||||||||||||||||||||||||
(Instr. 3, 4 | (Instr. 4) | ||||||||||||||||||||||||||||||||||||
and 5) | |||||||||||||||||||||||||||||||||||||
Amount | |||||||||||||||||||||||||||||||||||||
or | |||||||||||||||||||||||||||||||||||||
Number | |||||||||||||||||||||||||||||||||||||
Date | Expiration | of | |||||||||||||||||||||||||||||||||||
Code | V | (A) | (D) | Exercisable | Date | Title | Shares | ||||||||||||||||||||||||||||||
Explanation of Responses:
1. Net Element, Inc. awarded to Howard Ash, Director of the Company, 2,027 Restricted Shares, as defined in the Company's 2013 Equity Incentive Plan, as amended, (the "Shares") on April 22, 2020 (the "Grant Date"). 100% of the Shares vested immediately as of the Grant Date.
/s/ Howard Ash | 04/22/2020 | ||
** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Disclaimer
Net Element Inc. published this content on 22 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2020 14:33:04 UTC