SEC Form 4 · accession 0001209191-16-113676
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
FOUNDATION CAPITAL IV LP
10% Owner
FC IV ACTIVE ADVISORS FUND LLC
10% Owner
FOUNDATION CAPITAL VI LP
10% Owner
Foundation Capital, LLC
10% Owner
Period of report
Apr 6, 2016
Accepted (ET)
Apr 7, 2016 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001180079
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Apr 6, 2016 | J | 219,925 | $0.00 | D | 10,526,938 | I | By Foundation Capital IV, L.P. |
| Common StockF4 | Apr 6, 2016 | J | 663,179 | $0.00 | D | 663,178 | I | By Foundation Capital VI, L.P. |
| Common StockF4 | Apr 6, 2016 | J | 86,732 | $0.00 | A | 86,732 | I | By Foundation Capital Management Co. VI, L.L.C. |
| Common StockF4 | Apr 6, 2016 | J | 86,732 | $0.00 | D | 0 | I | By Foundation Capital Management Co. VI, L.L.C. |
| Common StockF7 | Apr 6, 2016 | J | 231 | $0.00 | A | 231 | I | By Foundation Capital, LLC |
| Common StockF2 | holding | — | — | — | 84,866 | I | By: FC IV Active Advisors Fund, LLC | |
| Common StockF2 | holding | — | — | — | 91,204 | I | By: Foundation Capital IV Principals Fund, LLC | |
| Common StockF4 | holding | — | — | — | 14,818 | I | By: Foundation Capital VI Principals Fund, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital IV, L.P. effected following the close of the trading market on April 6, 2016 without consideration to its limited partners.
- F2Foundation Capital Management Co. IV, LLC is the general partner of Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. William B. Elmore, Paul G. Koontz, Michael N. Schuh, Paul R. Holland and Warren M. Weiss are managing members of Foundation Capital Management Co. IV, LLC, and may be deemed to share voting and investment power over the shares owned by Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC and Foundation Capital IV Principals Fund, LLC. Warren M. Weiss is a director of the Issuer and, accordingly, files separate Section 16 reports. Each of the managing members of Foundation Capital Management Co. IV, LLC disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
- F3Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI, L.P. effected following the close of the trading market on April 6, 2016 without consideration to its limited partners and its general partner, Foundation Capital Management Co. VI, L.L.C.
- F4Foundation Capital Management Co. VI, LLC is the general partner of Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. William B. Elmore, Paul G. Koontz, Michael N. Schuh, Paul R. Holland, Warren M. Weiss, Charles Moldow and Steve Vassallo are the managing members of Foundation Capital Management Co. VI, LLC and may be deemed to share voting and investment power over the shares owned by Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. Warren M. Weiss is a director of the Issuer and, accordingly, files separate Section 16 reports. Each of the managing members of Foundation Capital Management Co. VI, LLC disclaims beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.
- F5Represents a change in the form of ownership from indirect to direct by virtue of the receipt of shares in the pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI, L.P. described in footnote 3 above.
- F6Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital Management Co. VI, LLC effected following the close of the trading market on April 6, 2016 without consideration to its members.
- F7Paul R. Holland, Warren M. Weiss, Charles Moldow and Steve Vassallo are managers of Foundation Capital, LLC. Foundation Capital, LLC is under common control with Foundation Capital Management Co. IV, LLC and Foundation Capital Management Co. VI, LLC. As such, each of the managers may be deemed to share voting and investment power over the shares owned by Foundation Capital IV, L.P., FC IV Active Advisors Fund, LLC, Foundation Capital IV Principals Fund, LLC, Foundation Capital VI, L.P. and Foundation Capital VI Principals Fund, LLC. Each of the managers disclaim beneficial ownership in the shares held by the aforementioned entities except to the extent of his pecuniary interest therein.