Ownership Submission

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 OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Lateral Global Investors 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 (Month/Day/Year)
09/30/2016

(Street)

SAN MATEO, CA 94402-2672

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/03/2017		J⁽¹⁾⁽²⁾		6,420,020	A	⁽¹⁾ ⁽²⁾	26,120,650 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾	I	See Footnote ⁽⁵⁾ ⁽⁶⁾
Common Stock	04/07/2017		J⁽¹⁾⁽²⁾		1,978,068	A	⁽¹⁾ ⁽²⁾	31,848,718 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾	I	See Footnote ⁽⁵⁾ ⁽⁶⁾
Common Stock	05/08/2017		J⁽¹⁾⁽²⁾		26,215,409	A	⁽¹⁾ ⁽²⁾	58,064,127	I	See Footnote ⁽⁶⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Warrant (right to buy)

$ 0.8

09/30/2016

J⁽¹⁾⁽²⁾

2,343,750

⁽¹⁾⁽²⁾

Common Stock

2,343,750

⁽¹⁾ ⁽²⁾

13,450,630 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾

Held by Lateral U.S. Credit Opportunities Fund, L.P. ⁽⁴⁾ ⁽⁵⁾

Warrant (right to buy)

$ 0.4

11/11/2016

J⁽¹⁾⁽²⁾

2,500,000

⁽¹⁾⁽²⁾

Common Stock

2,500,000

⁽¹⁾ ⁽²⁾

15,950,630 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾

Held by Lateral U.S. Credit Opportunities Fund, L.P. ⁽⁴⁾ ⁽⁵⁾

Warrant (right to buy)

$ 0.4

12/23/2016

J⁽¹⁾⁽²⁾

3,750,000

⁽¹⁾⁽²⁾

Common Stock

3,750,000

⁽¹⁾ ⁽²⁾

19,700,630 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾

Held by Lateral U.S. Credit Opportunities Fund, L.P. ⁽⁴⁾ ⁽⁵⁾

Warrant (right to buy)

$ 0.4

03/29/2017

J⁽¹⁾⁽²⁾

3,750,000

⁽¹⁾⁽²⁾

Common Stock

2,343,750

⁽¹⁾ ⁽²⁾

29,870,650 ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾

Held by Lateral U.S. Credit Opportunities Fund, L.P. ⁽⁴⁾ ⁽⁵⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Lateral Global Investors LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
Lateral FTE Feeder LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
Lateral U.S. Credit Opportunities Fund, L.P. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
Lateral Credit Opportunities, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
Masters Kenneth M. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
de Silva Richard 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X

Signatures

/s/ Richard de Silva		05/12/2017
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	On September 30, 2016, the reporting persons named herein (the "Reporting Persons") beneficially acquired warrants to purchase 2,343,750 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 13,450,630 shares of the Issuer's Common Stock. On November 11, 2016, the Reporting Persons beneficially acquired warrants to purchase 2,500,000 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 15,950,630 shares of the Issuer's Common Stock. On December 23, 2016, the Reporting Persons beneficially acquired warrants to purchase 3,750,000 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 19,700,630 shares of the Issuer's Common Stock. On March 3, 2017, the Reporting Persons beneficially acquired 6,420,020 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 26,120,650 shares of the Issuer's Common Stock.
(2)	(Continued from Footnote 1) On March 29, 2017, the Reporting Persons beneficially acquired warrants to purchase 3,750,000 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 29,870,650 shares of the Issuer's Common Stock. On April 7, 2017, the Reporting Persons beneficially acquired 1,978,068 shares of the Issuer's Common Stock and became the beneficial owner in the aggregate of 31,848,718 shares of the Issuer's Common Stock. On May 8, 2017, the Reporting Persons beneficially acquired 26,215,409 shares of the Issuer's Common Stock and as a result became the beneficial owner in the aggregate of 58,064,127 shares of the Issuer's Common Stock.
(3)	Following the transactions described in Footnote 1, Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. are the record holder of a portion of the shares of Common Stock of the Issuer. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC, and Kenneth Masters and Dhamitha Richard de Silva are the sole managers of Lateral Investment Management, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC, Kenneth Masters and Dhamitha Richard de Silva may be deemed to beneficially own the shares of Common Stock held by Lateral FTE Feeder LLC.
(4)	(Continued from Footnote 3) Lateral Global Investors, 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 Kenneth Masters and Dhamitha Richard de Silva 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; Kenneth Masters and Dhamitha Richard de Silva 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. Kenneth Masters and Dhamitha Richard de Silva are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC.
(6)	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; Kenneth Masters; and Dhamitha Richard de Silva. The address of each of the Reporting Persons is 1825 South Grant Street, Suite 210, San Mateo, CA 94402-2672.

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