MACOM Technology Solutions Holdings, Inc. — Director's Dealing 2020

Nov 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACOM Technology Solutions Holdings, Inc. (MTSI)
CIK: 0001493594
Period of Report: 2020-11-11

Reporting Person: CHUNG PETER Y (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-11	Common Stock	X	1270679	$14.05	Acquired	1309086	Indirect
2020-11-11	Common Stock	S	420368	$42.47	Disposed	888718	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-11	Warrant (right to buy)	$14.05	X	1270679	Acquired	2020-12-21	Common Stock (1270679)	Indirect

Footnotes

F1: The Common Stock is held as follows: 530,293 shares in the name of Summit Partners Private Equity Fund VII-A, L.P.; 318,502 shares in the name of Summit Partners Private Equity Fund VII-B, L.P.; 1,416 shares in the name of Summit Investors I, LLC; 100 shares in the name of Summit Investors I (UK), L.P.; 38,407 shares in the name of Mr. Chung, which are held for the benefit of Summit Partners, L.P.

F2: Mr. Chung holds any Common Stock for the benefit of Summit Partners, L.P. which he has empowered to determine when the shares will be sold and which is entitled to the proceeds of any such sales. Summit Partners, L.P., through a two-person Investment Committee, responsible for voting and investment decisions with respect to the Issuer, currently composed of Martin J. Mannion and Peter Y. Chung, has voting and dispositive authority over the shares reported herein and therefore may be deemed to beneficially own such shares. Summit Partners, L.P., Mr. Mannion and Mr. Chung disclaim beneficial ownership of the shares of Common Stock, except to the extent of their pecuniary interest therein.

F3: On November 11, 2020, Summit Partners Private Equity Fund VII-A, L.P., Summit Partners Private Equity Fund VII-B, L.P., Summit Investors I, LLC and Summit Investors I (UK), L.P. (collectively, the "Summit Funds") exercised a warrant to purchase 1,270,679 shares of the Issuer's common stock for $14.05 a share. The Summit Funds paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 420,368 shares to pay the exercise price and issuing to the Summit Funds the remaining 850,311 shares.