SCHEDULE 13G
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| CUSIP Number(s): | 64115A402 |
| 1 | Names of Reporting Persons
Felte Todd M | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
 (a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
ARIZONA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
358,700.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
3.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN, BD |
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
NETSOL TECHNOLOGIES INC | |
| (b) | Address of issuer's principal executive offices:
16000 VENTURA BLVD.,, SUITE 770, ENCINO,, CALIFORNIA, 91436 | |
| Item 2. | ||
| (a) | Name of person filing:
Todd M. Felte | |
| (b) | Address or principal business office or, if none, residence:
8655 E. Via De Ventura Suite G-175, Scottsdale, AZ 85258 | |
| (c) | Citizenship:
USA | |
| (d) | Title of class of securities:
Common | |
| (e) | CUSIP No.:
64115A402 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
330,000 shares E.W. Felte Bene IRA - Todd M. Felte Trustee
20,000 shares E.W. Felte Irrev Trust - Todd M. Felte Trustee
5,000 shares Todd M. Felte
3,700 shares Todd M. Felte Roth IRA | |
| (b) | Percent of class:
3.00% | |
| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
8,700 | ||
| (ii) Shared power to vote or to direct the vote:
350,000 | ||
| (iii) Sole power to dispose or to direct the disposition of:
8,700 | ||
| (iv) Shared power to dispose or to direct the disposition of:
350,000 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
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Ownership of 5 percent or less of a class
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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