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: Bhatnagar Atul (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-28	Ordinary Shares	C	274568	—	Acquired	274568	Direct
2019-06-28	Ordinary Shares	C	205926	—	Acquired	480494	Direct
2019-06-28	Ordinary Shares	C	205926	—	Acquired	686420	Direct
2019-06-28	Ordinary Shares	C	137284	—	Acquired	823704	Direct
2019-06-28	Ordinary Shares	C	5265	—	Acquired	828969	Direct
2019-06-28	Ordinary Shares	C	5265	—	Acquired	834234	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-28	Class B Units	$	C	1559682	Disposed		Ordinary Shares (274568)	Direct
2019-06-28	Class B Units	$	C	1169762	Disposed		Ordinary Shares (205926)	Direct
2019-06-28	Class B Units	$	C	1169762	Disposed		Ordinary Shares (205926)	Direct
2019-06-28	Class B Units	$	C	779841	Disposed		Ordinary Shares (137284)	Direct
2019-06-28	Class B Units	$	C	231876	Disposed		Ordinary Shares (5265)	Direct
2019-06-28	Class B Units	$	C	231876	Disposed		Ordinary Shares (5265)	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 February 18, 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 vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.

F5: These Class B Units vest upon achievement of the volume weighted trading average of the issuer's Ordinary Shares, as reported on the NASDAQ Global Market, over 90 consecutive days following expiration of the initial public offering price lock up period exceeding a total equity return multiple of at least 6.0 times, as defined in the original award documents.

F6: These Class B Units vest as follows: 50% vested on December 31, 2017 upon achievement of bonus targets for 2017, 5% vested on December 31, 2018 upon achievement of bonus targets for 2018 and the remaining vest upon achievement of bonus targets for 2019.

F7: 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.

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 6 of this Form 4.

F9: These Class B Units have no expiration date.