Ubiquiti Inc. — Director's Dealing 2012

May 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ubiquiti Networks, Inc. (UBNT)
CIK: 0001511737
Period of Report: 2012-05-10

Reporting Person: SUMMIT PARTNERS L P (Manager of GP of 10% Owner)
Reporting Person: Summit Investors Management, LLC (Manager of GP of 10% Owner)
Reporting Person: Summit Partners PE VII, LLC (Indirect GP of 10% Owner)
Reporting Person: Summit Partners PE VII, L.P. (GP of 10% Owner)
Reporting Person: EVANS BRUCE R (Manager of GP of 10% owner)
Reporting Person: MANNION MARTIN J (Manager of GP of 10% owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-10	Common Stock	J	3000000	—	Disposed	17095543	Indirect
2012-05-10	Common Stock	J	819995	—	Acquired	819995	Direct
2012-05-10	Common Stock	J	819995	—	Disposed	0	Direct
2012-05-10	Common Stock	J	90139	—	Acquired	90139	Direct
2012-05-10	Common Stock	J	90139	—	Disposed	0	Direct
2012-05-10	Commmon Stock	J	90140	—	Acquired	90140	Direct
2012-05-10	Common Stock	J	90140	—	Disposed	0	Direct

Footnotes

F1: Distribution to Partners.

F2: Not applicable.

F3: Shares of common stock are held in the name of 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.

F4: Represents shares acquired by Summit Partners PE VII, L.P. and (with respect to a portion thereof) Summit Partners PE VII, LLC in the distribution.

F5: Represents shares distributed by Summit Partners PE VII, L.P. and Summit Partners PE VIII, LLC. Shares were contributed to the Summit Investment Holdings Trust solely in exchange for beneficial interest therein. None of the Reporting Persons has any voting rights or control over the investment decisions made by Summit Investment Holdings Trust.

F6: Represents shares acquired by Bruce R. Evans in the distribution. At the time of the distribution, Mr. Evans directed that these shares be contributed to Summit Investment Holdings Trust solely in exchange for beneficial interst therein. Mr. Evans has no voting rights or control over the investment decisions made by Summit Investment Holdings Trust.

F7: Represents shares acquired by Martin J. Mannion in the distribution. At the time of the distribution, Mr. Mannion directed that these shares be contributed to Summit Investment Holdings Trust solely in exchange for beneficial interst therein. Mr. Mannion has no voting rights or control over the investment decisions made by Summit Investment Holdings Trust.