Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  GINSBERG JEFFREY
 2. Date of Event Requiring Statement (Month/Day/Year)
07/09/2018		 3. Issuer Name and Ticker or Trading Symbol
Net Element, Inc. [NETE]
(Last)
(First)
(Middle)
3363 NE 163RD STREET, SUITE 705		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NORTH MIAMI BEACH, FL 33160		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options to Purchase Shares of Common Stock 12/10/2014 12/10/2024 Shares of Common Stock 439 $ 134 D  
Options to Purchase Shares of Common Stock 12/08/2015 12/03/2025 Shares of Common Stock 2,000 $ 24 D  
Options to Purchase Shares of Common Stock 06/13/2016 06/13/2026 Shares of Common Stock 50 $ 21.2 D  
Options to Purchase Shares of Common Stock 02/28/2018(1) 02/28/2027 Shares of Common Stock 5,866 $ 8.13 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GINSBERG JEFFREY
3363 NE 163RD STREET, SUITE 705
NORTH MIAMI BEACH, FL 33160		       Chief Financial Officer  

Signatures

/s/ Jeffrey Ginsberg 07/09/2018
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 50% of such options were excercisable upon grant and another 50% vest in 4 equal proportions over 4 quartrters from the grant date.

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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