X0204 3 2011-10-13 0 0001511737 Ubiquiti Networks, Inc. UBNT 0001486421 Summit Partners Private Equity Fund VII-A, L.P. C/O SUMMIT PARTNERS, L.P. 222 BERKELEY STREET, 18TH FLOOR BOSTON MA 02116 0 0 1 0 0001385242 Summit Partners Private Equity Fund VII B L P C/O SUMMIT PARTNERS, L.P. 222 BERKLEY STREET, 18TH FLOOR BOSTON MA 02116 0 0 1 0 0001435565 Summit Investors I, LLC C/O SUMMIT PARTNERS, L.P. 222 BERKLEY STREET, 18TH FLOOR BOSTON MA 02116 0 0 1 0 0001494616 Summit Investors I (UK), L.P. C/O SUMMIT PARTNERS, LP 222 BERKELEY STREET, 18TH FLOOR BOSTON MA 02116 0 0 1 0 Series A Preferred Stock 2010-03-02 Common Stock 23992929 D The Series A preferred stock is convertible into Ubiquiti Networks, Inc. common stock on a one-for-one basis and has no expiration date. The shares underlying the Series A preferred stock are held as follows: 14,942,702 shares of common stock issuable upon the conversion of Series A preferred stock are held by Summit Partners Private Equity Fund VII-A, L.P., 8,974,825 shares of common stock issuable upon the conversion of Series A preferred stock are held by Summit Partners Private Equity Fund VII-B, L.P., 68,917 shares of common stock issuable upon the conversion of Series A preferred stock are held by Summit Investors I, LLC and 6,485 shares of common stock issuable upon the conversion of Series A preferred stock are held by Summit Investors I (UK), L.P. The entities mentioned in Footnote 2 are collectively referred to as the "Summit Entities." Summit Partners, L.P. is (i) the managing member of Summit Partners PE VII, LLC, which is the general partner of Summit Partners PE VII, L.P., which is the general partner of Summit Partners Private Equity Fund VII-A, L.P. and Summit Partners Private Equity Fund VII-B, L.P., and (ii) 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 Partners, L.P., through a two-person investment committee, currently composed of Martin J. Mannion and Bruce R. Evans, has voting and dispositive authority over the shares held by each of these entities and therefore beneficially owns such shares. Each of the Summit Entities and Messrs. Mannion and Evans disclaim beneficial ownership of shares, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the shares for the purpose of Section 16 or for any other purpose, except, in each case, to the extent of each such Reporting Person's pecuniary interest therein. Exhibits: Exhibit 24-Power of Attorney. Summit Partners Private Equity Fund VII-A, L.P., /s/ Robin W. Devereux, as Attorney-in-Fact 2011-10-13 Summit Partners Private Equity Fund VII-B, L.P., /s/ Robin W. Devereux, as Attorney-in-Fact 2011-10-13 Summit Investors I (UK), L.P., /s/ Robin W. Devereux, as Attorney-in-Fact 2011-10-13 Summit Investors I, LLC, /s/ Robin W. Devereux, as Attorney-in-Fact 2011-10-13