0001619517-14-000001.txt : 20140917
0001619517-14-000001.hdr.sgml : 20140917
20140917185742
ACCESSION NUMBER: 0001619517-14-000001
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140915
FILED AS OF DATE: 20140917
DATE AS OF CHANGE: 20140917
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Net Element, Inc.
CENTRAL INDEX KEY: 0001499961
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 901025599
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3363 NE 163RD STREET
STREET 2: SUITE 705
CITY: NORTH MIAMI BEACH
STATE: FL
ZIP: 33160
BUSINESS PHONE: (305) 507-8808
MAIL ADDRESS:
STREET 1: 3363 NE 163RD STREET
STREET 2: SUITE 705
CITY: NORTH MIAMI BEACH
STATE: FL
ZIP: 33160
FORMER COMPANY:
FORMER CONFORMED NAME: Net Element International, Inc.
DATE OF NAME CHANGE: 20121002
FORMER COMPANY:
FORMER CONFORMED NAME: Cazador Acquisition Corp Ltd.
DATE OF NAME CHANGE: 20100825
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Piovanetti Francesco
CENTRAL INDEX KEY: 0001414594
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34887
FILM NUMBER: 141108879
MAIL ADDRESS:
STREET 1: CITY VIEW PLAZA I SUITE 800
STREET 2: CARR. 165KM, 1.2
CITY: GUAYNABO
STATE: PR
ZIP: 00968
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Arco Group LLC
CENTRAL INDEX KEY: 0001619517
STATE OF INCORPORATION: PR
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34887
FILM NUMBER: 141108880
BUSINESS ADDRESS:
STREET 1: 48 ROAD 165, SUITE 6000
STREET 2: CITY VIEW PLAZA 2
CITY: GUAYNABO
STATE: PR
ZIP: 00968-8060
BUSINESS PHONE: 7879939650
MAIL ADDRESS:
STREET 1: 48 ROAD 165, SUITE 6000
STREET 2: CITY VIEW PLAZA 2
CITY: GUAYNABO
STATE: PR
ZIP: 00968-8060
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2014-09-15
1
0001499961
Net Element, Inc.
NETE
0001619517
Arco Group LLC
CITY VIEW PLAZA 2, SUITE 6000
48 ROAD 165
GUAYNABO
PR
00968-8060
PUERTO RICO
0
0
1
0
0001414594
Piovanetti Francesco
CITY VIEW PLAZA 2, SUITE 6000
48 ROAD 165
GUAYNABO
PR
00968-8060
PUERTO RICO
0
0
1
0
Common Stock
2014-09-15
4
S
0
100000
4.8268
D
1055520
D
Common Stock
2014-09-15
4
S
0
100000
4.3605
D
955520
D
Common Stock
2014-09-15
4
S
0
50000
4.153
D
905520
D
Common Stock
2014-09-15
4
S
0
100000
4.031
D
805520
D
Common Stock
2014-09-15
4
S
0
52352
4.0234
D
753168
D
Common Stock
2014-09-15
4
S
0
100000
4
D
653168
D
Common Stock
2014-09-15
4
S
0
50000
3.7164
D
603168
D
Common Stock
2014-09-15
4
S
0
25000
3.6654
D
578168
D
Common Stock
2014-09-15
4
S
0
250000
3.0006
D
328168
D
Common Stock
2014-09-17
4
S
0
50000
3.6406
D
278168
D
Common Stock
2014-09-17
4
S
0
102648
3.2657
D
175520
D
Common Stock
2014-09-17
4
S
0
170000
2.9148
D
5520
D
Warrants
7.5
2013-04-01
2017-10-02
Common Stock
3714000
3714000
D
Mr. Piovanetti is the ultimate beneficial owner of 5,520 shares of common stock, par value $0.0001 per share, of the Issuer (the "Shares"), consisting of: (i) 4,600 Shares held by Bond Street Management LLC ("BSM"); and (ii) 920 Shares held by Arco International Group LLC ("AIG"). Mr. Piovanetti owns one third of the outstanding equity interest in BSM And has voting control, investment discretion and dispositive power over the Shares held by BSM. Mr. Piovanetti is the ultimate beneficiary of AIG and has voting control, investment discretion and dispositive power over the Shares held by AIG.
Each of Arco Group LLC ("Arco Group"), Mr. Piovanetti, BSM and AIG disclaim beneficial ownership of these Shares except to the extent of their respective pecuniary interest therein.
Mr. Piovanetti has a majority, controlling interest in Arco Group and, consequently, Mr. Piovanetti has investment discretion and dispositive power over the Shares held by Arco Group. Thus, Mr. Piovanetti is considered an indirect owner of said Shares.
Mr. Piovanetti is the ultimate beneficiary of 3,714,000 warrants of the Issuer with an exercise price of $7.50 per share and an expiration date of October 2, 2017 (the "Warrants"), which are held by Arco Group. Thus, Mr. Piovanetti is considered an indirect owner of said Warrants.
Each of Arco Group and Mr. Piovanetti disclaim beneficial ownership of these Warrants except to the extent of their respective pecuniary interest therein.
As a result of the transactions described herein, Arco Group and Mr. Piovanetti ceased to have a beneficial ownership (as determined under Section 13(d) of the Exchange Act) of greater than 10% of the Common Stock and henceforth are no longer subject to Section 16.
Arco Group LLC
2014-09-17
Francesco Piovanetti
2014-09-17