Sec Form 4 Filing - LATERAL INVESTMENT MANAGEMENT, LLC @ FTE Networks, Inc. - 2017-12-04

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person LATERAL INVESTMENT MANAGEMENT, LLC 2. Issuer Name and Ticker or Trading Symbol FTE Networks, Inc. [ FTNW] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 3. Date of Earliest Transaction (MM/DD/YY) 12/04/2017 (Street) SAN MATEO, CA94402-2672 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 12/04/2017 J( 1 )( 2 ) 350,538 A 701,076 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) Common Stock 12/04/2017 J( 1 )( 2 ) 350,538 D 701,076 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Contractual right to receive Common Stock ( 1 ) ( 2 ) 12/04/2017 J( 1 )( 2 ) 135,986 ( 1 )( 2 ) ( 1 )( 2 ) Common Stock 135,986 ( 1 ) ( 2 ) 1,127,739 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) Contractual right to receive Common Stock ( 1 ) ( 2 ) 12/04/2017 J( 1 )( 2 ) 135,986 ( 1 )( 2 ) ( 1 )( 2 ) Common Stock 135,986 ( 1 ) ( 2 ) 1,127,739 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LATERAL INVESTMENT MANAGEMENT, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X Lateral FTE Feeder LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X Lateral U.S. Credit Opportunities Fund, L.P. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X Lateral Credit Opportunities, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X de Silva Richard 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X Feeney Patrick James 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA94402-2672 X Signatures /s/ Dhamitha Richard de Silva 12/20/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. are the record holder of 486,524 shares, 254,734 shares, and 811,104 shares of Common Stock of the Issuer, respectively. In connection with certain lending arrangements, Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. hold certain contractual rights to be issued Common Stock, however, such shares have not yet been issued as of the date of this filing. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC, and Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Investment Management, LLC. ( 2 )(Continued from Footnote 1) As a result of the foregoing relationships, each of Lateral Investment Management, LLC, Dhamitha Richard de Silva and Patrick Feeney may be deemed to beneficially own the shares of Common Stock held by Lateral FTE Feeder LLC. On December 4, 2017, Lateral Investment Management, LLC served as the intermediary in a transaction between certain of Lateral FTE Feeder LLC's limited partners, and as a result, was, temporarily, a 100.0% owner of Lateral FTE Feeder LLC. The filing is being made to report the temporary change in pecuniary interest of Lateral Investment Management, LLC as a result of their direct ownership in Lateral FTE Feeder LLC. As of the date of this filing, Lateral Investment Management, LLC owns no interests in the other reporting persons. ( 3 )(Continued from Footnote 2) Lateral Investment Management, LLC has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P.; and Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Credit Opportunities, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC; Lateral Credit Opportunities, LLC; Dhamitha Richard de Silva and Patrick Feeney may be deemed to beneficially own the shares of Common Stock held by Lateral U.S. Credit Opportunities Fund, L.P. ( 4 )Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC and has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P. Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P. Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC. ( 5 )The right to receive Common Stock reported above is held by Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P.

Remarks: The Reporting Persons filing this Form 4 jointly are the following: Lateral Investment Management, LLC; Lateral FTE Feeder LLC; Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC; Dhamitha Richard de Silva and Patrick Feeney. The address of each of the Reporting Persons is 1825 South Grant Street, Suite 210, San Mateo, CA 94402-2672.Kenneth Masters no longer has voting control of any of the reporting persons and, as a result, has been removed as a reporting person.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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