Bandel L. Carano - 13 Aug 2021 Form 4 Insider Report for Airspan Networks Holdings Inc.

Role
Director, 10%+ Owner
Signature
/s/ Bandel L. Carano
Issuer symbol
N/A
Transactions as of
13 Aug 2021
Net transactions value
+$2,000,000
Form type
4
Filing time
17 Aug 2021, 12:29:28 UTC
Previous filing
14 Jun 2021
Next filing
01 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIMO Common Stock Other +25,038,852 25,038,852 13 Aug 2021 See footnote F1, F2
transaction MIMO Common Stock Other +3,400,207 3,400,207 13 Aug 2021 See footnote F3, F4
transaction MIMO Common Stock Purchase $2,000,000 +200,000 +5.9% $10.00* 3,600,207 13 Aug 2021 See footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MIMO Warrants (right to buy) Other +1,264,993 1,264,993 13 Aug 2021 Common Stock 1,264,993 $12.50 See footnote F1, F2
transaction MIMO Warrants (right to buy) Other +171,782 171,782 13 Aug 2021 Common Stock 171,782 $12.50 See footnote F3, F4
transaction MIMO Warrants (right to buy) Other +1,264,993 1,264,993 13 Aug 2021 Common Stock 1,264,993 $15.00 See footnote F1, F2
transaction MIMO Warrants (right to buy) Other +171,782 171,782 13 Aug 2021 Common Stock 171,782 $15.00 See footnote F3, F4
transaction MIMO Warrants (right to buy) Other +1,264,993 1,264,993 13 Aug 2021 Common Stock 1,264,993 $17.50 See footnote F1, F2
transaction MIMO Warrants (right to buy) Other +171,782 171,782 13 Aug 2021 Common Stock 171,782 $17.50 See footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for (a) 72,123 shares of Airspan Networks Inc. ("Legacy Airspan") Series B-1 Preferred Stock, (b) 416,667 shares of Legacy Airspan Series C-1 Preferred Stock, (c) 721,643 shares of Legacy Airspan Series D Preferred Stock, (d) 370,000 shares of Legacy Airspan Series D-2 Preferred Stock, (e) 162,141 shares of Legacy Airspan Series F Senior Preferred Stock and (f) 285,339 shares of Legacy Airspan Series G Senior Preferred Stock, in each case, in connection with the merger of Artemis Merger Sub Corp. ("Merger Sub") with and into Legacy Airspan (the "Merger") pursuant to that certain Business Combination Agreement, dated as of March 8, 2021, by and among Airspan Networks Holdings Inc. (f/k/a New Beginnings Acquisition Corp.), Legacy Airspan and Merger Sub.
F2 Represents securities directly owned by Oak Investment Partners XI, Limited Partnership ("Oak XI"). Bandel L. Carano is a member of Airspan Networks Holdings Inc.'s board of directors. The names of the parties who share power to vote and dispose of the securities held by Oak XI are Bandel L. Carano, Edward F. Glassmeyer, Frederic W. Harman and Ann H. Lamont, each of whom is a Managing Member of Oak Associates XI, LLC, the General Partner of Oak XI. Bandel L. Carano and these individuals disclaim beneficial ownership with respect to such securities except to the extent of their pecuniary interest therein.
F3 Received in exchange for (a) 128,133 shares of Legacy Airspan Class B Common Stock, (b) 23,163 shares of Legacy Airspan Series F Senior Preferred Stock, (c) 134,512 shares of Legacy Airspan Series G Senior Preferred Stock, (d) 56,910 shares of Legacy Airspan Series H Senior Preferred Stock and (e) warrants exercisable for 28,455 shares of Legacy Airspan Series H Senior Preferred Stock, in each case, in connection with the Merger.
F4 Represents securities directly owned by Oak Investment Partners XIII, Limited Partnership ("Oak XIII"). Bandel L. Carano is a member of Airspan Networks Holdings Inc.'s board of directors. The names of the parties who share power to vote and dispose of the securities held by Oak XIII are Bandel L. Carano, Edward F. Glassmeyer, Frederic W. Harman and Ann H. Lamont, each of whom is a Managing Member of Oak Associates XIII, LLC, the General Partner of Oak XIII. Bandel L. Carano and these individuals disclaim beneficial ownership with respect to such securities except to the extent of their pecuniary interest therein.