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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1499961	Net Element Inc.	NETE	Services-Computer Processing & Data Preparation (7374)	901025599

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1414594	Francesco Piovanetti	City View Plaza 2, Suite 6000 48 Road 165 Guaynabo PR 00968-8060		No	No	Yes	No
1619517	Arco Group Llc	City View Plaza 2, Suite 6000 48 Road 165 Guaynabo PR 00968-8060		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2014-09-15	100,000	$4.83	1,055,520	No	4	S	Direct
Common Stock	Disposition	2014-09-15	100,000	$4.36	955,520	No	4	S	Direct
Common Stock	Disposition	2014-09-15	50,000	$4.15	905,520	No	4	S	Direct
Common Stock	Disposition	2014-09-15	100,000	$4.03	805,520	No	4	S	Direct
Common Stock	Disposition	2014-09-15	52,352	$4.02	753,168	No	4	S	Direct
Common Stock	Disposition	2014-09-15	100,000	$4.00	653,168	No	4	S	Direct
Common Stock	Disposition	2014-09-15	50,000	$3.72	603,168	No	4	S	Direct
Common Stock	Disposition	2014-09-15	25,000	$3.67	578,168	No	4	S	Direct
Common Stock	Disposition	2014-09-15	250,000	$3.00	328,168	No	4	S	Direct
Common Stock	Disposition	2014-09-17	50,000	$3.64	278,168	No	4	S	Direct
Common Stock	Disposition	2014-09-17	102,648	$3.27	175,520	No	4	S	Direct
Common Stock	Disposition	2014-09-17	170,000	$2.91	5,520	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Warrants	$7.50	2013-04-01	2017-10-02	3,714,000	3,714,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-10-02	3,714,000	3,714,000	Direct

Footnotes

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.