SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* LATERAL INVESTMENT MANAGEMENT, LLC (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip)	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)
	3. Date of Earliest Transaction (Month/Day/Year) 04/07/2016
	4. If Amendment, Date of Original Filed (Month/Day/Year) 05/12/2017	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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)	12/15/2017		S(2)			254,734	(1)	(1)	Common Stock	254,734	(2)	1,127,739(1)(2)(3)	D(3)(4)(5)(6)
Contractual right to receive Common Stock	(1)	12/15/2017		P(2)		254,734		(1)	(1)	Common Stock	254,734	(2)	1,127,739(1)(2)(3)	D(3)(4)(5)(6)

1. Name and Address of Reporting Person* LATERAL INVESTMENT MANAGEMENT, LLC (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Lateral FTE Feeder LLC (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Lateral U.S. Credit Opportunities Fund, L.P. (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Lateral Credit Opportunities, LLC (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* de Silva Richard (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Feeney Patrick James (Last) (First) (Middle) 1825 SOUTH GRANT STREET, SUITE 210 (Street) SAN MATEO CA 94402-2672 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* LeoGroup Private Debt Facility, L.P. (Last) (First) (Middle) 100 WOOD AVENUE SOUTH, SUITE 209 (Street) ISELIN NJ (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. As reported in a previous amendment, the Reporting Persons acquired the contractual right to be issued 79,123 of the Issuer's Common Stock on April 7, 2017 and acquired the contractual right to be issued 1,048,616 shares of the Issuer's Common Stock on May 8, 2017 in connection with the lending arrangement described in the Issuer's Form 8-K filed on November 3, 2015. However, such Common Stock has not yet been issued as of the date of this filing. Each share of Common Stock is presented on this amended Form 4 after giving effect to the 25-for-1 reverse stock split of the Issuer that became effective on November 6, 2017, as disclosed in the Issuer's Form 8-K filed on the same date.

2. On December 15, 2017, Lateral Investment Management, LLC sold 254,734 shares of the Issuer's Common Stock which it holds the contractual right to acquire to LeoGroup Private Debt Facility, LP for $2,000,000 in cash through a private purchase agreement. This transaction was related to a separate transaction on December 7, 2017, whereby LeoGroup Private Debt Facility, LP received a 81.7% interest in Lateral FTE Feeder LLC, which corresponds to ownership of an additional 397,550 shares.

3. 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, 0 shares, and 811,104 shares of Common Stock of the Issuer, respectively. 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. 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.

4. (Continued from Footnote 3) 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.

5. 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. Lateral Investment Management, LLC and LeoGroup Private Debt Facility, LP have agreed to act in concert with respect to the Issuer's shares. 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 LeoGroup Private Debt Facility, LP.

6. The right to receive Common Stock reported above is now held by Lateral FTE Feeder LLC, LeoGroup Private Debt Facility, LP 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; LeoGroup Private Debt Facility, LP; Dhamitha Richard de Silva; and Patrick Feeney. The address of each of the Reporting Persons except for LeoGroup Private Debt Facility, LP is 1825 South Grant Street, Suite 210, San Mateo, CA 94402-2672. The address for LeoGroup Private Debt Facility, LP is 100 Wood Avenue South, Suite 209, Iselin, NJ 08830.

	/s/ Dhamita Richard de Silva	12/20/2017
	** Signature of Reporting Person	Date
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