Cambium Networks Corp — Director's Dealing 2019

Jun 28, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cambium Networks Corp (CMBM)
CIK: 0001738177
Period of Report: 2019-06-28

Reporting Person: Ryan Ronald G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-28	Ordinary Shares	C	3061	—	Acquired	3061	Direct
2019-06-28	Ordinary Shares	C	8802	—	Acquired	11863	Direct
2019-06-28	Ordinary Shares	C	4566	—	Acquired	16429	Direct
2019-06-28	Ordinary Shares	C	6308	—	Acquired	22737	Direct
2019-06-28	Ordinary Shares	C	738	—	Acquired	23475	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-28	Class B Units	$	C	22500	Disposed		Ordinary Shares (3061)	Direct
2019-06-28	Class B Units	$	C	50000	Disposed		Ordinary Shares (8802)	Direct
2019-06-28	Class B Units	$	C	27500	Disposed		Ordinary Shares (4566)	Direct
2019-06-28	Class B Units	$	C	40000	Disposed		Ordinary Shares (6308)	Direct
2019-06-28	Class B Units	$	C	20000	Disposed		Ordinary Shares (738)	Direct
2019-06-28	Stock Option (right to buy)	$12	A	50000	Acquired	2029-06-23	Ordinary Shares (50000)	Direct

Footnotes

F1: Represents Class B Units of Vector Cambium Holdings (Cayman), LP ("VCH"), the issuer's parent.

F2: In connection with the issuer's Recapitalization (as described in the issuer's prospectus dated June 25, 2019) and upon consummation of the issuer's initial public offering, the reporting person's Class B Units were exchanged for Ordinary Shares of the issuer, on a value-for-value basis, based on the initial public offering price of $12.

F3: These Class B Units vested as follows: 25% vested on April 1, 2014, and the remaining 75% vested in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date.

F4: These Class B Units vested as follows: 25% vested on April 11, 2015, and the remaining 75% vested in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date.

F5: These Class B Units vest as follows: 25% vested on November 1, 2016, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date.

F6: One-half of these Class B Units vest as follows: 25% vested on April 13, 2017, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.

F7: One-half of these Class B Units vest as follows: 25% vested on February 13, 2018, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.

F8: To the extent not satisfied as of the issuer's initial public offering, these Ordinary Shares are subject to the same time-based vesting conditions as the related Class B Units, described in footnote 5 of this Form 4.

F9: To the extent not satisfied as of the issuer's initial public offering, these Ordinary Shares are subject to the same time-based vesting conditions as the related Class B Units, described in footnote 6 of this Form 4.

F10: To the extent not satisfied as of the issuer's initial public offering, these Ordinary Shares are subject to the same time-based vesting conditions as the related Class B Units, described in footnote 7 of this Form 4.

F11: These Class B Units have no expiration date.

F12: This option vests as follows: 25% vested on February 6, 2019, and the remaining 75% vests in 12 equal quarterly installments on a quarterly basis thereafter, subject to reporting person's continued service as of each vesting date.

F13: These figures were inadvertently rounded down in the reporting person's Form 3, filed June 25, 2019, and have been corrected herein, for an aggregate change of 3 Ordinary Shares.