SEC Form 4 · accession 0001179110-18-005946
Casa Systems Inc · CASA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Apr 30, 2018
Accepted (ET)
Apr 30, 2018 · 4:03 pm EDT
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,F5 | Apr 30, 2018 | S | 4,717,520 | $25.00 | D | 34,124,480 | I | See Footnotes. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of 2,940,250 shares of common stock sold by Summit Partners Private Equity Fund VII-A, L.P., 1,765,961 shares of common stock sold by Summit Partners Private Equity Fund VII-B, L.P., 10,037 shares of common stock sold by Summit Investors I, LLC and 1,272 shares of common stock sold by Summit Investors I (UK), L.P.
- F2Of the shares sold by the entities mentioned in footnote (1), the sale of 250,000 shares is matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the purchase of 250,000 shares on December 19, 2017 at $13.00 per share. The entities mentioned in footnote (1) have paid to the Issuer an aggregate of $2,721,875.00, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
- F3Consists of 21,268,476 shares of common stock held by Summit Partners Private Equity Fund VII-A, L.P., 12,774,194 shares of common stock held by Summit Partners Private Equity Fund VII-B, L.P., 72,605 shares of common stock issued held by Summit Investors I, LLC and 9,205 shares of common stock held by Summit Investors I (UK), L.P.
- F4Summit 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.
- F5Summit 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. Each of the Summit entities and persons mentioned in this footnote disclaims beneficial ownership of the shares, except for those shares held of record by such entity, and except to the extent of their pecuniary interest therein.