NEXTERA ENTERPRISES INC 4
4 · NEXTERA ENTERPRISES INC · Filed Jun 20, 2007
Insider Transaction Report
Form 4
NEXTERA ENTERPRISES INCNXRA.OB
Mounte LLC
10% Owner
Transactions
- Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+15,169→ 15,169 total - Other
Class A Common Stock Purchase Warrant
2007-06-15+3,033,945→ 3,033,945 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (3,033,945 underlying)
Footnotes (2)
- [F1]On June 15, 2007, Nextera exchanged $1,516,972.60 in outstanding principal and accrued interest owed to Mounte pursuant to a promissory note for 15,169 shares of Nextera's Series B Cumulative Non-Convertible Preferred Stock, together with a cash payment in lieu of fractional shares.
- [F2]On June 15, 2007, Nextera issued a Class A Common Stock Purchase Warrant to Mounte pursuant to the terms of a Funding Agreement entered into as of April 16, 2007 by and among Nextera, Mounte, Jocott Enterprises, Inc., and Woodridge Labs, Inc. The warrant is exercisable at any time at the option of the holder, has a ten-year term, and has customary piggyback registration rights and anti-dilution rights with respect to specified events.