Ubiquiti Inc. — Director's Dealing 2011

Oct 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ubiquiti Networks, Inc. (UBNT)
CIK: 0001511737
Period of Report: 2011-07-21

Reporting Person: CHUNG PETER Y (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-19	Common Stock	C	23992929	—	Acquired	23992929	Indirect
2011-10-19	Common Stock	S	2841652	$15.00	Disposed	21151277	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-21	Series A Preferred Stock	$	D	12041700	Disposed		Common Stock (12041700)	Indirect
2011-10-19	Series A Preferred Stock	$	C	23992929	Disposed		Common Stock (23992929)	Indirect

Footnotes

F1: Represents shares acquired by the following entities: 14,942,702 shares of common stock in the name of Summit Partners Private Equity Fund VII-A, L.P., 8,974,825 shares of common stock in the name of Summit Partners Private Equity Fund VII-B, L.P., 68,917 shares of common stock in the name of Summit Investors I, LLC and 6,485 shares of common stock in the name of Summit Investors I (UK), L.P.

F2: Represents shares sold by the following entities: 1,769,770 shares of common stock sold by Summit Partners Private Equity Fund VII-A, L.P., 1,062,952 shares of common stock sold by Summit Partners Private Equity Fund VII-B, L.P., 8,162 shares of common stock sold by Summit Investors I, LLC and 768 shares of common stock sold by Summit Investors I (UK), L.P.

F3: Represents shares held by the following entities: 13,172,932 shares of common stock in the name of Summit Partners Private Equity Fund VII-A, L.P., 7,911,873 shares of common stock in the name of Summit Partners Private Equity Fund VII-B, L.P., 60,755 shares of common stock in the name of Summit Investors I, LLC and 5,717 shares of common stock in the name of Summit Investors I (UK), L.P.

F4: The Series A Preferred Stock converted into Ubiquiti Networks, Inc. common stock on a one-for-one basis, and had no expiration date.

F5: Represents shares held by the following entities: 14,942,702 shares of common stock in the name of Summit Partners Private Equity Fund VII-A, L.P., 8,974,825 shares of common stock in the name of Summit Partners Private Equity Fund VII-B, L.P., 68,917 shares of common stock in the name of Summit Investors I, LLC and 6,485 shares of common stock in the name of Summit Investors I (UK), L.P.

F6: Represents shares sold by the following entities back to Ubiquiti Networks, Inc.: 7,499,518 shares of common stock sold by Summit Partners Private Equity Fund VII-A, L.P., 4,504,335 shares of common stock sold by Summit Partners Private Equity Fund VII-B, L.P., 34,592 shares of common stock sold by Summit Investors I, LLC and 3,255 shares of common stock sold by Summit Investors I (UK), L.P. On October 3, 2011, Ubiquiti Networks, Inc. completed a 2.5 for one forward stock split of its common and preferred stock. All share and per share information set forth herein has been retroactively adjusted to reflect the split.

F7: On July 21, 2011, Ubiquiti Networks, Inc. repurchase of 12,041,700 shares of its Series A preferred stock from the following entities at a price of $8.97: 7,499,518 shares of common stock sold by Summit Partners Private Equity Fund VII-A, L.P., 4,504,335 shares of common stock sold by Summit Partners Private Equity Fund VII-B, L.P., 34,592 shares of common stock sold by Summit Investors I, LLC and 3,255 shares of common stock sold by Summit Investors I (UK), L.P. On October 3, 2011, Ubiquiti Networks, Inc. completed a 2.5 for one forward stock split of its common and preferred stock. All share and per share information set forth herein has been retroactively adjusted to reflect the split.