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Cambium Networks Corp — Director's Dealing 2019
Jun 28, 2019
34850_dirs_2019-06-28_78e13bed-5d16-41e7-8d69-5d2d7b910eb0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Cambium Networks Corp (CMBM)
CIK: 0001738177
Period of Report: 2019-06-28
Reporting Person: Vivek Vibhu (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-06-28 | Ordinary Shares | C | 100978 | — | Acquired | 100978 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-06-28 | Class B Units | $ | C | 742261 | Disposed | Ordinary Shares (100978) | Direct | |
| 2019-06-28 | Stock Option (right to buy) | $12 | A | 120000 | Acquired | 2029-06-23 | Ordinary Shares (120000) | 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: One-half of these Class B Units vested as follows: 25% vested on June 5, 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. 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.
F4: These Class B Units have no expiration date.
F5: This option vests as follows: 25% vests on June 23, 2020, 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.