4//SEC Filing
Feeney Patrick James 4
Accession 0000899243-19-019257
CIK 0001122063other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 7:22 PM ET
Size
19.6 KB
Accession
0000899243-19-019257
Insider Transaction Report
Form 4
Lateral Credit Opportunities, LLC
10% Owner
Transactions
- Other
Common Stock
2019-07-02+505,724→ 2,166,085 total(indirect: By LLC) - Other
Common Stock
2019-07-02+1,500,000→ 4,193,207 total(indirect: By LLC) - Other
Common Stock
2019-02-20+1,005,753→ 1,426,951 total(indirect: By LLC) - Other
Warrant (right to buy)
2018-07-02+3,173,730→ 3,173,730 total(indirect: By LLC)→ Common Stock (3,173,730 underlying)
de Silva Richard
10% Owner
Transactions
- Other
Common Stock
2019-07-02+505,724→ 2,166,085 total(indirect: By LLC) - Other
Common Stock
2019-07-02+1,500,000→ 4,193,207 total(indirect: By LLC) - Other
Common Stock
2019-02-20+1,005,753→ 1,426,951 total(indirect: By LLC) - Other
Warrant (right to buy)
2018-07-02+3,173,730→ 3,173,730 total(indirect: By LLC)→ Common Stock (3,173,730 underlying)
Lateral Global Investors LLC
10% Owner
Transactions
- Other
Common Stock
2019-02-20+1,005,753→ 1,426,951 total(indirect: By LLC) - Other
Warrant (right to buy)
2018-07-02+3,173,730→ 3,173,730 total(indirect: By LLC)→ Common Stock (3,173,730 underlying) - Other
Common Stock
2019-07-02+1,500,000→ 4,193,207 total(indirect: By LLC) - Other
Common Stock
2019-07-02+505,724→ 2,166,085 total(indirect: By LLC)
Feeney Patrick James
10% Owner
Transactions
- Other
Common Stock
2019-07-02+1,500,000→ 4,193,207 total(indirect: By LLC) - Other
Common Stock
2019-02-20+1,005,753→ 1,426,951 total(indirect: By LLC) - Other
Common Stock
2019-07-02+505,724→ 2,166,085 total(indirect: By LLC) - Other
Warrant (right to buy)
2018-07-02+3,173,730→ 3,173,730 total(indirect: By LLC)→ Common Stock (3,173,730 underlying)
Footnotes (7)
- [F1]On July 2, 2019, the reporting persons named herein (the "Reporting Persons") acquired shares of the Issuer's Common Stock in connection with the extension of credit under that certain Credit Agreement previously described in the Issuer's Current Reports on Form 8-K filed on November 3, 2015, February 15, 2019, and June 14, 2019 (the "Credit Agreement").
- [F2]On February 20, 2019, Niagara Nominee, L.P., acquired shares of the Issuer's Common Stock in connection with the extension of credit under the Credit Agreement.
- [F3]Following the transactions described in Footnote 1 and 2, the shares reported herein are held by Niagara Nominee L.P.
- [F4]On July 2, 2019, the Reporting Persons acquired warrants to purchase shares of the Issuer's Common Stock in connection with the extension of credit under the Credit Agreement. The warrants have an initial exercise price of $3.00 per share; provided that in the event the super-senior bridge loan under the Credit Agreement has not been paid by October 31, 2019, the exercise price per share of half of the warrants shall be automatically reset to $0.01 and in the event the super-senior bridge loan under the Credit Agreement has not been paid by December 31, 2019, the exercise price per share of the other half of the warrants shall be automatically reset to $0.01. The shares underlying such warrants have not been issued as of the date of this filing.
- [F5](Continued from Footnote 4) The Issuer also agreed that the aggregate number of shares of the Issuer's common stock issuable upon exercise of the warrants will be automatically adjusted on December 31, 2019 such that that the Reporting Persons will beneficially own, in the aggregate, inclusive of all shares of common stock previously issued, 25% of the outstanding shares of the Issuer's common stock on a fully-diluted basis, subject to certain exceptions.
- [F6]Following the transactions described in Footnotes 1, 2, 4, and 5, the shares and warrants reported herein are held by Lateral U.S. Credit Opportunities Fund, WVP Emerging Manager Private Onshore Fund, LLC, Lateral SMA Agent, LLC, and Lateral Juscom Feeder, LLC. Lateral Investment Management, LLC is the sole manager of WVP Emerging Manager Private Onshore Fund, LLC, Lateral SMA Agent, LLC, and Lateral Juscom Feeder, LLC. 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. Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Investment Management, LLC.
- [F7](Continued from Footnote 6) 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 warrants of Common Stock held by Lateral U.S. Credit Opportunities Fund, WVP Emerging Manager Private Onshore Fund, LLC, Lateral SMA Agent, LLC, and Lateral Juscom Feeder, LLC.
Documents
Issuer
FTE Networks, Inc.
CIK 0001122063
Entity typeother
Related Parties
1- filerCIK 0001723000
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 7:22 PM ET
- Size
- 19.6 KB