4/A//SEC Filing
Masters Kenneth M. 4/A
Accession 0000899243-17-026667
CIK 0001122063other
Filed
Nov 15, 7:00 PM ET
Accepted
Nov 16, 7:57 PM ET
Size
21.0 KB
Accession
0000899243-17-026667
Insider Transaction Report
Form 4/AAmended
Lateral Credit Opportunities, LLC
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying) - Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying)
Lateral Global Investors LLC
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying) - Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying)
Lateral FTE Feeder LLC
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying) - Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying)
de Silva Richard
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying) - Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying)
Feeney Patrick James
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying) - Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying)
Transactions
- Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying) - Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying)
Masters Kenneth M.
10% Owner
Transactions
- Other
Contractual right to receive Common Stock
2017-04-07+79,123→ 1,273,949 total(indirect: See Footnotes)→ Common Stock (79,123 underlying) - Other
Contractual right to receive Common Stock
2017-05-08+1,048,616→ 2,322,565 total(indirect: See Footnotes)→ Common Stock (1,048,616 underlying)
Footnotes (6)
- [F1]On May 12, 2017, the Reporting Persons filed a Form 4 which inadvertently reported that they had acquired and were the beneficial owners of 1,978,068 shares (79,123 shares post reverse stock split) of the Issuer's Common Stock on April 7, 2017 and 26,215,409 shares (1,048,616 shares post reverse stock split) of the Issuer's Common Stock on May 8, 2017. In fact, as reported in this amendment, the Reporting Persons acquired the contractual right to be issued 1,978,068 shares (79,123 shares post reverse stock split) of the Issuer's Common Stock on April 7, 2017 and acquired the contractual right to be issued 26,215,409 shares (1,048,616 shares post reverse stock split) of the Issuers Common Stock on May 8, 2017 in connection with the lending arrangement described in the Issuer's Form 8-K filed on November 3, 2015.
- [F2](Continued from footnote 1) However, such Common Stock has not yet been issued as of the date of this filing. Each share of Common Stock is presented on this amended Form 4 after giving effect to the 25-for-1 reverse stock split of the Issuer that became effective on November 6, 2017, as disclosed in the Issuer's Form 8-K filed on the same date.
- [F3]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 Dhamitha Richard de Silva, Patrick Feeney and Kenneth Masters are the sole managers of Lateral Investment Management, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC, Dhamitha Richard de Silva, Patrick Feeney and Kenneth Masters may be deemed to beneficially own the shares of Common Stock held by Lateral FTE Feeder LLC.
- [F4](Continued from Footnote 3) Lateral Investment Management, 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 Dhamitha Richard de Silva, Patrick Feeney and Kenneth Masters 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; Dhamitha Richard de Silva, Patrick Feeney and Kenneth Masters 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. Dhamitha Richard de Silva, Patrick Feeney and Kenneth Masters are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC.
- [F6]The right to receive Common Stock reported above is held by Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P.
Documents
Issuer
FTE Networks, Inc.
CIK 0001122063
Entity typeother
Related Parties
1- filerCIK 0001665251
Filing Metadata
- Form type
- 4/A
- Filed
- Nov 15, 7:00 PM ET
- Accepted
- Nov 16, 7:57 PM ET
- Size
- 21.0 KB