4//SEC Filing
NEXTERA ENTERPRISES INC 4
Accession 0001209191-07-038709
CIK 0001070534operating
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 3:28 PM ET
Size
16.4 KB
Accession
0001209191-07-038709
Insider Transaction Report
Form 4
NEXTERA ENTERPRISES INCNXRA.OB
Transactions
- Other
Class A Common Stock Purchase Warrant
2007-06-15+2,022,630→ 2,022,630 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (2,022,630 underlying) - Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+10,113→ 10,113 total
JOCOTT ENTERPRISES, INC.
10% Owner
Transactions
- Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+10,113→ 10,113 total - Other
Class A Common Stock Purchase Warrant
2007-06-15+2,022,630→ 2,022,630 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (2,022,630 underlying)
Scott & Debra Weiss Living Trust
10% Owner
Transactions
- Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+10,113→ 10,113 total - Other
Class A Common Stock Purchase Warrant
2007-06-15+2,022,630→ 2,022,630 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (2,022,630 underlying)
Millin Joseph John
DirectorPresident10% Owner
Transactions
- Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+10,113→ 10,113 total - Other
Class A Common Stock Purchase Warrant
2007-06-15+2,022,630→ 2,022,630 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (2,022,630 underlying)
Weiss Scott Joel
Director10% Owner
Transactions
- Other
Series B Cumulative Non-Convertible Preferred Stock
2007-06-15+10,113→ 10,113 total - Other
Class A Common Stock Purchase Warrant
2007-06-15+2,022,630→ 2,022,630 totalExercise: $0.50From: 2007-06-15Exp: 2017-06-15→ Class A Common Stock (2,022,630 underlying)
Footnotes (5)
- [F1]On June 15, 2007, Nextera exchanged $1,011,315.07 in outstanding principal and accrued interest owed to Jocott pursuant to a promissory note for 10,113 shares of Nextera's Series B Cumulative Non-Convertible Preferred Stock, together with a cash payment in lieu of fractional shares.
- [F2]Jocott owns 10,113 shares of Nextera's Series B Cumulative Non-Convertible Preferred Stock. All of the shares in Jocott are owned by The Millin Family Living Trust and The Scott and Debra Weiss Living Trust. Mr. Millin is a director of Jocott, as well as a trustee and beneficiary, together with his spouse, of The Millin Family Living Trust. Mr. Weiss also is a director of Jocott, as well as a trustee and beneficiary, together with his spouse, of The Scott and Debra Weiss Living Trust. Messrs. Millin and Weiss disclaim all beneficial ownership of the shares held by Jocott, as do The Millin Family Living Trust and The Scott and Debra Weiss Living Trust, except to the extent of their respective pecuniary interests therein.
- [F3]Information with respect to each of the Reporting Persons is given solely by such Reporting Persons, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person. Any disclosures made hereunder with respect to persons other than the Reporting Persons are made on information and belief after making appropriate inquiry.
- [F4]On June 15, 2007, Nextera issued to Jocott a Class A Common Stock Purchase Warrant to purchase 2,022,630 shares of Nextera's Class A Common Stock pursuant to the terms of a Funding Agreement entered into as of April 16, 2007 by and among Nextera, Jocott, Mounte LLC, 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.
- [F5]Jocott is the holder of the Class A Common Stock Purchase Warrant. See footnote (2) with respect to the relationship between Jocott and the other Reporting Persons.
Issuer
NEXTERA ENTERPRISES INC
CIK 0001070534
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001070534
Filing Metadata
- Form type
- 4
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 3:28 PM ET
- Size
- 16.4 KB