SEC Form 4 · accession 0001144204-18-036499
New Frontier Corp · NFC.U
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Wu
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jun 27, 2018
Accepted (ET)
Jun 29, 2018 · 9:18 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001737422
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Ordinary SharesF2 | Jun 27, 2018 | J | 300,000 | $10.00 | A | 300,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Ordinary SharesF5,F6,F3 | — | Jun 27, 2018 | J | 575,000 | A | — | — | Class A Ordinary Shares | 575,000 | 9,450,000 | I |
Explanation of responses
- F1The reported shares are included within 300,000 units purchased by the Reporting Person for $10.00 per unit in the Issuer's initial public offering.
- F2The securities are held directly by Max Rising International Limited. The Reporting Person has voting and dispositive power over the securities held by Max Rising International Limited. The Reporting Person disclaims beneficial ownership over any securities owned by such entity other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- F3The Class B Ordinary Shares are convertible for the Issuer's Class A Ordinary Shares as described under the heading "Description of Securities " in the Issuer's registration statement on Form S-1 (File No. 333-225421) and have no expiration date.
- F4On June 27, 2018, in connection with the increase in the size of its initial public offering, the Issuer effected a share capitalization of its Class B Ordinary Shares.
- F5Includes 937,500 Class B Ordinary Shares that are subject to forfeiture depending on the extent to which the underwriters in the Issuer's initial public offering do not exercise their over-allotment option.
- F6The securities are held directly by New Frontier Public Holding Ltd. The Reporting Person and Antony Leung share voting and dispositive power over the securities held by New Frontier Public Holding Ltd. The Reporting Person disclaims beneficial ownership over any securities owned by New Frontier Public Holding Ltd. other than to the extent of any pecuniary interest he may have therein, directly or indirectly.