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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
1273345	Mike Zoi	4100 Ne 2Nd Avenue, Suite 302 Miami FL 33137		No	No	Yes	No
1314380	Tgr Capital, Llc	4100 Ne 2Nd Avenue, Suite 302 Miami FL 33137		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	Explanation
Common Stock	Disposition	2014-12-03	101,025	$0.00	3,558,146	No	4	S	Indirect	By TGR Capital LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By TGR Capital LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,102,029	Indirect	By MZ Capital LLC (Delaware)
Common Stock	1,777,344	Indirect	By: MTZ Fund LLC
Common Stock	144	Direct

Footnotes

The shares were sold in a private sale on December 3, 2014 pursuant to a Letter Agreement, dated as of October 21, 2014, between TGR Capital LLC, a Florida limited liability company, and Jonathan New (the "Purchase Agreement"). The consideration for the shares was the services previously rendered by Jonathan New to TGR Capital LLC and certain of its affiliated entities.
Mike Zoi is the Manager of each of TGR Capital LLC, MZ Capital LLC (Delaware) and MTZ Fund LLC. Mr. Zoi disclaims beneficial ownership of the securities held by each of such entities except to the extent of his pecuniary interest in such securities.