Home/Filings/4/0000899243-17-013023

4//SEC Filing

FTE Networks, Inc. 4

Accession 0000899243-17-013023

CIK 0001122063operating

View on SEC.gov Company Profile

Filed

May 11, 8:00 PM ET

Accepted

May 12, 9:39 PM ET

Size

31.4 KB

Accession

0000899243-17-013023

Insider Transaction Report

Form 4

Period: 2016-09-30

FTE Networks, Inc.FTNW

Lateral Global Investors LLC

10% Owner

Transactions

Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)
Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)

Lateral FTE Feeder LLC

10% Owner

Transactions

Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)

Masters Kenneth M.

10% Owner

Transactions

Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)
Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)

Lateral U.S. Credit Opportunities Fund, L.P.

10% Owner

Transactions

Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)
Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)

Lateral Credit Opportunities, LLC

10% Owner

Transactions

Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)
Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)

de Silva Richard

10% Owner

Transactions

Other
Common Stock
2017-03-03+6,420,020→ 26,120,650 total(indirect: See Footnote)
Other
Common Stock
2017-04-07+1,978,068→ 31,848,718 total(indirect: See Footnote)
Other
Common Stock
2017-05-08+26,215,409→ 58,064,127 total(indirect: See Footnote)
Other
Warrant (right to buy)
2016-09-30+2,343,750→ 13,450,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.80→ Common Stock (2,343,750 underlying)
Other
Warrant (right to buy)
2016-11-11+2,500,000→ 15,950,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,500,000 underlying)
Other
Warrant (right to buy)
2016-12-23+3,750,000→ 19,700,630 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (3,750,000 underlying)
Other
Warrant (right to buy)
2017-03-29+3,750,000→ 29,870,650 total(indirect: Held by Lateral U.S. Credit Opportunities Fund, L.P.)
Exercise: $0.40→ Common Stock (2,343,750 underlying)

Footnotes (6)

[F1]On September 30, 2016, the reporting persons named herein (the "Reporting Persons") beneficially acquired warrants to purchase 2,343,750 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 13,450,630 shares of the Issuer's Common Stock. On November 11, 2016, the Reporting Persons beneficially acquired warrants to purchase 2,500,000 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 15,950,630 shares of the Issuer's Common Stock. On December 23, 2016, the Reporting Persons beneficially acquired warrants to purchase 3,750,000 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 19,700,630 shares of the Issuer's Common Stock. On March 3, 2017, the Reporting Persons beneficially acquired 6,420,020 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 26,120,650 shares of the Issuer's Common Stock.
[F2](Continued from Footnote 1) On March 29, 2017, the Reporting Persons beneficially acquired warrants to purchase 3,750,000 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 29,870,650 shares of the Issuer's Common Stock. On April 7, 2017, the Reporting Persons beneficially acquired 1,978,068 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 31,848,718 shares of the Issuer's Common Stock. On May 8, 2017, the Reporting Persons beneficially acquired 26,215,409 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 58,064,127 shares of the Issuer's Common Stock.
[F3]Following the transactions described in Footnote 1, Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. are the record holder of a portion of the shares of Common Stock of the Issuer. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC, and Kenneth Masters and Dhamitha Richard de Silva are the sole managers of Lateral Investment Management, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC, Kenneth Masters and Dhamitha Richard de Silva may be deemed to beneficially own the shares of Common Stock held by Lateral FTE Feeder LLC.
[F4](Continued from Footnote 3) Lateral Global Investors, LLC has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P.; and Kenneth Masters and Dhamitha Richard de Silva are the sole managers of Lateral Credit Opportunities, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC; Lateral Credit Opportunities, LLC; Kenneth Masters and Dhamitha Richard de Silva may be deemed to beneficially own the shares of Common Stock held by Lateral U.S. Credit Opportunities Fund, L.P.
[F5]Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC and has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P. Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P. Kenneth Masters and Dhamitha Richard de Silva are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC.
[F6]Held by Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

FTE Networks, Inc.

CIK 0001122063

→

Entity typeoperating

IncorporatedNV

Related Parties

filerCIK 0001122063

Filing Metadata

Form type: 4
Filed: May 11, 8:00 PM ET
Accepted: May 12, 9:39 PM ET
Size: 31.4 KB

View on SEC.gov