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