Sec Form 4 Filing - Maimon Arik @ NEXT GROUP HOLDINGS, INC. - 2016-06-16

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Maimon Arik
2. Issuer Name and Ticker or Trading Symbol
NEXT GROUP HOLDINGS, INC. [ NXGH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
1111 BRICKELL AVENUE, SUITE 2200
3. Date of Earliest Transaction (MM/DD/YY)
06/16/2016
(Street)
MIAMI, FL33131
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) 06/16/2016 J 3,000,000 D $ 0.0025 83,704,809 D
Common Stock ( 2 ) 07/18/2016 J 1,000,000 D $ 0.0025 82,704,809 D
Common Stock ( 3 ) 04/10/2017 S 10,000,000 D $ 0.02 72,704,809 D
Common Stock ( 4 ) 04/17/2017 J 2,000,000 D $ 0.1008 70,704,809 D
Common Stock ( 5 ) 04/17/2017 J 2,000,000 D $ 0.1008 68,704,809 D
Common Stock ( 6 ) 04/17/2017 J 3,900,000 D $ 0.1008 64,804,809 D
Common Stock ( 7 ) 04/18/2017 J 13,000,000 D $ 0.1 51,804 ,809 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Maimon Arik
1111 BRICKELL AVENUE
SUITE 2200
MIAMI, FL33131
X X CEO
Signatures
/s/ Arik Maimon 09/03/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Transfer to Jeffrey Wattenberg for consulting services pursuant to 2015 Consulting Agreement - NXGH Common Stock
( 2 )Transfer to Raimundo Levi (i.e., 3L Family Ltd) for consulting services pursuant to 2015 Consulting Agreement - NXGH Common Stock
( 3 )Sale to Yuma Properties, LP (Yuma paid in installments starting 9/21/16: was in default and was cured with final install payment on 4/10/17) - NXGH Common Stock
( 4 )Capital Contribution to Asiya Comunicaciones SA DE CV in the form of Asiya's Debt Settlement with Tellza, Inc/ (Transfer to GCT Investments LLC) - NXGH Common Stock
( 5 )Capital Contribution to Next Communications, Inc. in Its Debt Settlement with Tellza, Inc. (Transfer to GCT Investments LLC) - NXGH Common Stock
( 6 )Capital Contribution to Next Communications, Inc. in Its Debt Settlement with MSG (Transfer to Varsatel Corp. and Comtel) - NXGH Common Stock
( 7 )Indirect Capital Contribution in order to acquire Tel3 from Tellza, Inc. (signed in escrow: acting Agent on behalf of Next Group Holdings, Inc.), which was then sold to NXGH for $10 - NXGH Common Stock

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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