Sec Form 4 Filing - Ryan Ronald G @ Cambium Networks Corp - 2019-06-28

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Ryan Ronald G
2. Issuer Name and Ticker or Trading Symbol
Cambium Networks Corp [ CMBM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior VP, Gbl Channel Mgmt
(Last) (First) (Middle)
C/O CAMBIUM NETWORKS, INC., 3800 GOLF ROAD, SUITE 360
3. Date of Earliest Transaction (MM/DD/YY)
06/28/2019
(Street)
ROLLING MEADOWS, IL60008
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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
Ordinary Shares 06/28/2019 C( 2 ) 3,061 A 3,061 D
Ordinary Shares 06/28/2019 C( 2 ) 8,802 A 11,863 D
Ordinary Shares 06/28/2019 C( 2 ) 4,566 ( 8 ) A 16,429 D
Ordinary Shares 06/28/2019 C( 2 ) 6,308 ( 9 ) A 22,737 D
Ordinary Shares 06/28/2019 C( 2 ) 738 ( 10 ) A 23,475 D
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
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)
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
Class B Units ( 1 ) ( 2 ) 06/28/2019 C( 2 ) 22,500 ( 3 ) ( 11 ) Ordinary Shares 3,061 ( 13 ) $ 0 0 D
Class B Units ( 1 ) ( 2 ) 06/28/2019 C( 2 ) 50,000 ( 4 ) ( 11 ) Ordinary Shares 8,802 $ 0 0 D
Class B Units ( 1 ) ( 2 ) 06/28/2019 C( 2 ) 27,500 ( 5 ) ( 11 ) Ordinary Shares 4,566 $ 0 0 D
Class B Units ( 1 ) ( 2 ) 06/28/2019 C( 2 ) 40,000 ( 6 ) ( 11 ) Ordinary Shares 6,308 $ 0 0 D
Class B Units ( 1 ) ( 2 ) 06/28/2019 C( 2 ) 20,000 ( 7 ) ( 11 ) Ordinary Shares 738 ( 13 ) $ 0 0 D
Stock Option (right to buy) $ 12 06/28/2019 A 50,000 ( 12 ) 06/23/2029 Ordinary Shares 50,000 $ 0 50,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ryan Ronald G
C/O CAMBIUM NETWORKS, INC.
3800 GOLF ROAD, SUITE 360
ROLLING MEADOWS, IL60008
Senior VP, Gbl Channel Mgmt
Signatures
/s/ Sally Rau, attorney-in-fact 06/28/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents Class B Units of Vector Cambium Holdings (Cayman), LP ("VCH"), the issuer's parent.
( 2 )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.
( 3 )These Class B Units vested as follows: 25% vested on April 1, 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.
( 4 )These Class B Units vested as follows: 25% vested on April 11, 2015, and the remaining 75% vested in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date.
( 5 )These Class B Units vest as follows: 25% vested on November 1, 2016, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date.
( 6 )One-half of these Class B Units vest as follows: 25% vested on April 13, 2017, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.
( 7 )One-half of these Class B Units vest as follows: 25% vested on February 13, 2018, and the remaining 75% vest in 36 substantially equal monthly installments thereafter, subject to reporting person's continuous service as of each vesting date. The remaining half of these Class B Units vest upon completion of the issuer's Recapitalization and consummation of the issuer's initial public offering.
( 8 )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.
( 9 )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.
( 10 )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 7 of this Form 4.
( 11 )These Class B Units have no expiration date.
( 12 )This option vests as follows: 25% vested on February 6, 2019, and the remaining 75% vests in 12 equal quarterly installments on a quarterly basis thereafter, subject to reporting person's continued service as of each vesting date.
( 13 )These figures were inadvertently rounded down in the reporting person's Form 3, filed June 25, 2019, and have been corrected herein, for an aggregate change of 3 Ordinary Shares.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.