Summit Investors I (UK), L.P. 4
4 · Acacia Communications, Inc. · Filed May 20, 2016
Insider Transaction Report
Form 4
SUMMIT PARTNERS L P
10% OwnerOther
Transactions
- Conversion
Common Stock
2016-05-18+2,896,329→ 2,896,329 total(indirect: See Footnotes.) - Conversion
Series D Convertible Preferred Stock
2016-05-18+2,896,329→ 0 total(indirect: See Footnotes)→ Common Stock (2,896,329 underlying)
Footnotes (4)
- [F1]The Series D Convertible Preferred Stock converted into common stock on a one-for-one basis upon the closing of Acacia Communications, Inc.'s (the "Issuer") initial public offering without payment of consideration. The Series D Convertible Preferred Stock had no expiration date.
- [F2]Consists of 2,198,853 shares held by Summit Partners Venture Capital Fund III-A. L.P., 666,442 shares held by Summit Partners Venture Capital Fund III-B, L.P., 28,648 shares held by Summit Investors I, LLC and 2,386 shares held by Summit Investors I (UK), L.P.
- [F3]Summit Partners, L.P. is the managing member of Summit Partners VC III, LLC, which is the general partner of Summit Partners VC III, L.P., which is the general partner of each of Summit Partners Venture Capital Fund III-A. L.P. and Summit Partners Venture Capital Fund III-B, L.P. Summit Master Company, LLC is the managing member of Summit Investors Management, LLC, which is the manager of Summit Investors I, LLC, and the general partner of Summit Investors I (UK), L.P. Summit Master Company, LLC, as the managing member of Summit Investors Management, LLC, has delegated investment decisions, including voting and dispositive power, to Summit Partners, L.P. and its investment committee responsible for voting and investment decisions with respect to the Issuer.
- [F4]Summit Partners, L.P., through a three-person investment committee responsible for voting and investment decisions with respect to the Issuer, currently comprised of Martin J. Mannion, Bruce R. Evans and Peter Y. Chung, has voting and dispositive power over the shares held by each of these entities and therefore may be deemed to beneficially own such shares. Each of the Summit entities mentioned herein and Messrs. Mannion, Evans and Chung disclaims beneficial ownership of the shares, except, in each case, to the extent of each such person's pecuniary interest therein.