0000899243-17-013023.txt : 20170512 0000899243-17-013023.hdr.sgml : 20170512 20170512213901 ACCESSION NUMBER: 0000899243-17-013023 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20170512 DATE AS OF CHANGE: 20170512 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FTE Networks, Inc. CENTRAL INDEX KEY: 0001122063 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 810438093 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 999 VANDERBILT BEACH ROAD STREET 2: SUITE 601 CITY: NAPLES STATE: FL ZIP: 34109 BUSINESS PHONE: 8778788136 MAIL ADDRESS: STREET 1: 999 VANDERBILT BEACH ROAD STREET 2: SUITE 601 CITY: NAPLES STATE: FL ZIP: 34109 FORMER COMPANY: FORMER CONFORMED NAME: BEACON ENTERPRISE SOLUTIONS GROUP INC DATE OF NAME CHANGE: 20080520 FORMER COMPANY: FORMER CONFORMED NAME: SUNCREST GLOBAL ENERGY CORP DATE OF NAME CHANGE: 20030625 FORMER COMPANY: FORMER CONFORMED NAME: GALAXY SPECIALTIES INC DATE OF NAME CHANGE: 20000816 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: de Silva Richard CENTRAL INDEX KEY: 0001662203 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840753 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Masters Kenneth M. CENTRAL INDEX KEY: 0001665251 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840754 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lateral Credit Opportunities, LLC CENTRAL INDEX KEY: 0001665168 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840755 BUSINESS ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 650-396-2210 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lateral U.S. Credit Opportunities Fund, L.P. CENTRAL INDEX KEY: 0001660532 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840756 BUSINESS ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 650-396-2210 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lateral FTE Feeder LLC CENTRAL INDEX KEY: 0001665214 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840757 BUSINESS ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 650-396-2210 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lateral Global Investors LLC CENTRAL INDEX KEY: 0001665167 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-31355 FILM NUMBER: 17840758 BUSINESS ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 650-396-2210 MAIL ADDRESS: STREET 1: 1825 SOUTH GRANT STREET STREET 2: SUITE 210 CITY: SAN MATEO STATE: CA ZIP: 94402 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-09-30 0 0001122063 FTE Networks, Inc. FTNW 0001665167 Lateral Global Investors LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001665214 Lateral FTE Feeder LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001660532 Lateral U.S. Credit Opportunities Fund, L.P. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001665168 Lateral Credit Opportunities, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001665251 Masters Kenneth M. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001662203 de Silva Richard 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 Common Stock 2017-03-03 4 J 0 6420020 A 26120650 I See Footnote Common Stock 2017-04-07 4 J 0 1978068 A 31848718 I See Footnote Common Stock 2017-05-08 4 J 0 26215409 A 58064127 I See Footnote Warrant (right to buy) 0.80 2016-09-30 4 J 0 2343750 A Common Stock 2343750 13450630 I Held by Lateral U.S. Credit Opportunities Fund, L.P. Warrant (right to buy) 0.40 2016-11-11 4 J 0 2500000 A Common Stock 2500000 15950630 I Held by Lateral U.S. Credit Opportunities Fund, L.P. Warrant (right to buy) 0.40 2016-12-23 4 J 0 3750000 A Common Stock 3750000 19700630 I Held by Lateral U.S. Credit Opportunities Fund, L.P. Warrant (right to buy) 0.40 2017-03-29 4 J 0 3750000 A Common Stock 2343750 29870650 I Held by Lateral U.S. Credit Opportunities Fund, L.P. 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. (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. 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. (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. 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. Held by Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. The Reporting Persons filing this Form 4 jointly are the following: Lateral Investment Management, LLC; Lateral FTE Feeder LLC; Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC; Kenneth Masters; and Dhamitha Richard de Silva. The address of each of the Reporting Persons is 1825 South Grant Street, Suite 210, San Mateo, CA 94402-2672. /s/ Richard de Silva 2017-05-12