SEC Form 4 · accession 0001209191-16-115389
Itron Networked Solutions, Inc. · SSNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
William B Elmore
10% Owner
Paul G Koontz
10% Owner
Michael N Schuh
10% Owner
Paul R Holland
10% Owner
Charles Moldow
10% Owner
Steven Vassallo
10% Owner
Period of report
Apr 21, 2016
Accepted (ET)
Apr 22, 2016 · 6:13 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 21, 2016 | J | 219,926 | $0.00 | D | 10,307,012 | I | By Foundation Capital IV, L.P. |
| Common StockF4 | Apr 21, 2016 | J | 663,178 | $0.00 | D | 0 | I | By Foundation Capital VI, L.P. |
| Common StockF4 | Apr 21, 2016 | J | 170,768 | $0.00 | A | 170,768 | I | By Foundation Capital Management Co. VI, L.L.C. |
| Common StockF4 | Apr 21, 2016 | J | 170,768 | $0.00 | D | 0 | I | By Foundation Capital Management Co. VI, L.L.C. |
| Common StockF4 | Apr 21, 2016 | J | 14,818 | $0.00 | D | 0 | I | By: Foundation Capital VI Principals Fund, LLC |
| Common StockF8 | Apr 21, 2016 | J | 231 | $0.00 | A | 686 | I | By Foundation Capital, LLC |
| Common StockF9 | Apr 21, 2016 | J | 4,030 | $0.00 | A | 6,077 | I | By Koontz Revocable Trust U/A/D 6/29/1998 |
| Common StockF10 | Apr 21, 2016 | J | 14,843 | $0.00 | A | 22,595 | I | By Holland/Yates Family Trust dtd 7/23/1999 |
| Common StockF11 | Apr 21, 2016 | J | 2,406 | $0.00 | A | 3,700 | I | By The Holland Children?s Trust |
| Common StockF12 | Apr 21, 2016 | J | 7,433 | $0.00 | A | 10,984 | I | By Michael N. & Mary G. Schuh 1990 Family Trust |
| Common StockF13 | Apr 21, 2016 | J | 15,413 | $0.00 | A | 23,745 | I | By Vassallo Family Revocable Trust dated 7/15/02 |
| Common StockF14 | Apr 21, 2016 | J | 18,251 | $0.00 | A | 26,277 | I | By Moldow Family Trust dated 11/11/2003 |
| Common StockF15 | Apr 21, 2016 | J | 2,285 | $0.00 | A | 3,305 | I | By The Moldow 2008 Children?s Trust |
| Common StockF16 | Apr 21, 2016 | J | 15,958 | $0.00 | A | 24,468 | I | By William B Elmore Revocable Trust |
| Common StockF17 | Apr 21, 2016 | J | 4,422 | $0.00 | A | 4,422 | I | By Elmore Family Investments B, LP |
| 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 |
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 21, 2016 without consideration to its limited partners.
- F10The shares are held by the Holland/Yates Family Trust dtd 7/23/1999 (the "Holland Family Trust"). Paul R. Holland is a trustee of the Holland Family Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Holland Family Trust except to the extent of his proportionate pecuniary interest therein.
- F11The shares are held by The Holland Children's Trust (the "Holland Children's Trust"). Paul R. Holland is a trustee of the Holland Children's Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Holland Children's Trust except to the extent of his proportionate pecuniary interest therein.
- F12The shares are held by the Michael N. & Mary G. Schuh 1990 Family Trust (the "Schuh Trust"). Michael N. Schuh is a trustee of the Schuh Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Schuh Trust except to the extent of his proportionate pecuniary interest therein.
- F13The shares are held by the Vassallo Family Revocable Trust dated 7/15/02 (the "Vassallo Trust"). Steve Vassallo is a trustee of the Vassallo Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Vassallo Trust except to the extent of his proportionate pecuniary interest therein.
- F14The shares are held by the Moldow Family Trust dated 11/11/2003 (the "Moldow Family Trust"). Charles Moldow is a trustee of the Moldow Family Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Moldow Family Trust except to the extent of his proportionate pecuniary interest therein.
- F15The shares are held by The Moldow 2008 Children's Trust (the "Moldow Children's Trust"). Charles Moldow is a trustee of the Moldow Children's Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Moldow Children's Trust except to the extent of his proportionate pecuniary interest therein.
- F16The shares are held by the William B. Elmore Revocable Trust (the "Elmore Trust"). William B. Elmore is a trustee of the Elmore Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Elmore Trust except to the extent of his proportionate pecuniary interest therein.
- F17The shares are held by Elmore Family Investments B, LP (the "Elmore Partnership"). William B. Elmore is a general partner of the Elmore Partnership. The Reporting Person disclaims beneficial ownership of the shares held by the Elmore Partnership except to the extent of his proportionate pecuniary interest therein.
- 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 21, 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 21, 2016 without consideration to its members.
- F7Represents a pro-rata in-kind distribution of Common Stock of the Issuer by Foundation Capital VI Principals Fund, LLC effected following the close of the trading market on April 21, 2016 without consideration to its members.
- F8Paul 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.
- F9The shares are held by the Koontz Revocable Trust U/A/D 6/29/1998 (the "Koontz Trust"). Paul G. Koontz is a trustee of the Koontz Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Koontz Trust except to the extent of his proportionate pecuniary interest therein.