4/A//SEC Filing
Feeney Patrick James 4/A
Accession 0000899243-17-029340
CIK 0001122063other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 5:46 PM ET
Size
21.2 KB
Accession
0000899243-17-029340
Insider Transaction Report
Form 4/AAmended
Lateral Credit Opportunities, LLC
10% Owner
Transactions
- Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
Feeney Patrick James
10% Owner
Transactions
- Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
LeoGroup Private Debt Facility, L.P.
10% Owner
Transactions
- Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
Lateral FTE Feeder LLC
10% Owner
Transactions
- Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
Transactions
- Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
Lateral Global Investors LLC
10% Owner
Transactions
- Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
de Silva Richard
10% Owner
Transactions
- Sale
Contractual right to receive Common Stock
2017-12-15−254,734→ 1,127,739 total→ Common Stock (254,734 underlying) - Purchase
Contractual right to receive Common Stock
2017-12-15+254,734→ 1,127,739 total→ Common Stock (254,734 underlying)
Footnotes (6)
- [F1]As reported in a previous amendment, the Reporting Persons acquired the contractual right to be issued 79,123 of the Issuer's Common Stock on April 7, 2017 and acquired the contractual right to be issued 1,048,616 shares of the Issuer's 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. 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.
- [F2]On December 15, 2017, Lateral Investment Management, LLC sold 254,734 shares of the Issuer's Common Stock which it holds the contractual right to acquire to LeoGroup Private Debt Facility, LP for $2,000,000 in cash through a private purchase agreement. This transaction was related to a separate transaction on December 7, 2017, whereby LeoGroup Private Debt Facility, LP received a 81.7% interest in Lateral FTE Feeder LLC, which corresponds to ownership of an additional 397,550 shares.
- [F3]Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. are the record holder of 486,524 shares, 0 shares, and 811,104 shares of Common Stock of the Issuer, respectively. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC, and Dhamitha Richard de Silva and Patrick Feeney 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 and Patrick Feeney 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 and Patrick Feeney 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 and Patrick Feeney 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 and Patrick Feeney are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC. Lateral Investment Management, LLC and LeoGroup Private Debt Facility, LP have agreed to act in concert with respect to the Issuer's shares. As a result of the foregoing relationships, each of Lateral Investment Management, LLC; Dhamitha Richard de Silva and Patrick Feeney may be deemed to beneficially own the shares of Common Stock held by LeoGroup Private Debt Facility, LP.
- [F6]The right to receive Common Stock reported above is now held by Lateral FTE Feeder LLC, LeoGroup Private Debt Facility, LP and Lateral U.S. Credit Opportunities Fund, L.P.
Documents
Issuer
FTE Networks, Inc.
CIK 0001122063
Entity typeother
Related Parties
1- filerCIK 0001723000
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 5:46 PM ET
- Size
- 21.2 KB