SEC Form 3 · accession 0001094891-15-000122
NextDecade Corp · NEXT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Schauerman
Director
Period of report
Mar 23, 2015
Accepted (ET)
Mar 23, 2015 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001612720
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 7,500 | D | ||
| Common Stock | holding | — | — | — | 15,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable WarrantF2,F3 | $11.50 | holding | — | — | — | — | — | Common Stock | 7,500 | — | D |
Explanation of responses
- F1Represents securities underlying 7,500 units of the Issuer, which units, prior to the effective date of the registration statement relating to the Issuer's initial public offering, the Reporting Person irrevocably committed to purchase. Each unit ("Unit") consists of one share of common stock and one redeemable warrant ("Warrant") to purchase one share of common stock. The purchase of these units is being made on a private placement basis and will be consummated simultaneously with the consummation of the Issuer's initial public offering.
- F2Each Warrant will become exercisable on the later of 30 days after the completion of an initial business combination and March 23, 2016.
- F3Each Warrant will expire five years after the completion of an initial business combination, or earlier upon redemption.