SEC Form 4 · accession 0001179110-17-015611
Casa Systems Inc · CASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce R Evans
Director
Period of report
Dec 19, 2017
Accepted (ET)
Dec 19, 2017 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001333835
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | Dec 19, 2017 | C | 38,592,000 | — | A | 38,592,000 | I | See Footnotes |
| Common StockF5,F6,F3,F4 | Dec 19, 2017 | P | 250,000 | $13.00 | A | 38,842,000 | I | See Footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Convertible Preferred StockF1,F3,F4,F2 | — | Dec 19, 2017 | C | 3,859,200 | A | — | — | Common Stock | 38,592,000 | 0 | I |
Explanation of responses
- F1The Series C Convertible Preferred Stock automatically converted into common stock of Casa Systems, Inc. (the "Issuer") on a ten-for-one basis without payment of consideration upon the closing of the Issuer's initial public offering. The Series C Convertible Preferred Stock has no expiration date.
- F2Consists of 24,052,910 shares of common stock issued upon the conversion of Series C Convertible Preferred Stock held by Summit Partners Private Equity Fund VII-A, L.P., 14,446,570 shares of common stock issued upon the conversion of Series C Convertible Preferred Stock held by Summit Partners Private Equity Fund VII-B, L.P., 82,110 shares of common stock issued upon the conversion of Series C Convertible Preferred Stock held by Summit Investors I, LLC and 10,410 shares of common stock issued upon the conversion of Series C Convertible Preferred Stock held by Summit Investors I (UK), L.P.
- F3Summit Partners, L.P. is 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 each of Summit Partners Private Equity Fund VII-A, L.P. and Summit Partners Private Equity Fund VII-B, L.P. Summit Master Company, LLC is 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 Master Company, LLC, as the managing member of Summit Investors Management, LLC, has delegated investment decisions, including voting and dispositive power, to Summit Partners, L.P. and its investment committee responsible for voting and investment decisions with respect to the Issuer.
- F4Summit Partners, L.P., through a three-person investment committee responsible for voting and investment decisions with respect to the Issuer, currently comprised of Peter Y. Chung, Bruce R. Evans and Martin J. Mannion, has voting and dispositive power over the shares held by each of these entities and therefore may be deemed to beneficially own such shares. Mr. Evans is a member of Summit Master Company, LLC. Mr. Evans may be deemed to share beneficial ownership of the shares of the Issuer held of record by the Summit entities and has an indirect pecuniary interest in such shares through his membership in Summit Master Company, LLC. Mr. Evans expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- F5Consists of 155,816 shares of common stock purchased by Summit Partners Private Equity Fund VII-A, L.P., 93,585 shares of common stock purchased by Summit Partners Private Equity Fund VII-B, L.P., 532 shares of common stock issued purchased by Summit Investors I, LLC and 67 shares of common stock purchased by Summit Investors I (UK), L.P.
- F6Consists of 24,208,726 shares of common stock held by Summit Partners Private Equity Fund VII-A, L.P., 14,540,155 shares of common stock held by Summit Partners Private Equity Fund VII-B, L.P., 82,642 shares of common stock issued held by Summit Investors I, LLC and 10,477 shares of common stock held by Summit Investors I (UK), L.P.
Remarks
Exhibit 24.1 Power of Attorney