SEC Form 4 · accession 0001179110-16-025224
Acacia Communications, Inc. · ACIA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
SUMMIT PARTNERS L P
10% Owner · Other
Summit Investors I, LLC
10% Owner
Summit Investors I (UK), L.P.
10% Owner
Period of report
May 18, 2016
Accepted (ET)
May 20, 2016 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001651235
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | May 18, 2016 | C | 2,896,329 | — | A | 2,896,329 | 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 D Convertible Preferred StockF1,F3,F4,F2 | — | May 18, 2016 | C | 2,896,329 | A | — | — | Common Stock | 2,896,329 | 0 | I |
Explanation of responses
- F1The Series D Convertible Preferred Stock converted into common stock on a one-for-one basis upon the closing of Acacia Communications, Inc.'s (the "Issuer") initial public offering without payment of consideration. The Series D Convertible Preferred Stock had no expiration date.
- F2Consists of 2,198,853 shares held by Summit Partners Venture Capital Fund III-A. L.P., 666,442 shares held by Summit Partners Venture Capital Fund III-B, L.P., 28,648 shares held by Summit Investors I, LLC and 2,386 shares held by Summit Investors I (UK), L.P.
- F3Summit Partners, L.P. is the managing member of Summit Partners VC III, LLC, which is the general partner of Summit Partners VC III, L.P., which is the general partner of each of Summit Partners Venture Capital Fund III-A. L.P. and Summit Partners Venture Capital Fund III-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 Martin J. Mannion, Bruce R. Evans and Peter Y. Chung, 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 mentioned herein and Messrs. Mannion, Evans and Chung disclaims beneficial ownership of the shares, except, in each case, to the extent of each such person's pecuniary interest therein.