SEC Form 4 · accession 0000905718-17-000724
Internap Corp · INAP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Park West Asset Management LLC
10% Owner
Period of report
Jul 21, 2017
Accepted (ET)
Jul 25, 2017 · 9:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001056386
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1 | Jul 21, 2017 | S | 150,000 | $4.078 | D | 11,411,429 | I | See Footnote |
| Common Stock, $0.001 par value per shareF1 | Jul 21, 2017 | S | 270,000 | $4.043 | D | 11,141,429 | I | See Footnote |
| Common Stock, $0.001 par value per shareF2,F1 | Jul 24, 2017 | S | 12,700 | $3.902 | D | 11,128,729 | I | See Footnote |
| Common Stock, $0.001 par value per shareF1 | Jul 24, 2017 | S | 675,000 | $3.90 | D | 10,453,729 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Park West Asset Management LLC (the "Reporting Person") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park") is the sole member and manager of the Reporting Person. As of July 24, 2017, PWIMF held 9,278,167 shares of Common Stock $.0001 par value per share (the "Common Stock") and PWPI held 1,175,562 shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
- F2These shares were sold in multiple transactions at prices ranging from $3.900 to $3.915, inclusive. The Reporting Person undertakes to provide to Internap Corporation, any security holder of Internap Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.