FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Lateral Global Investors LLC
2. Date of Event Requiring Statement (Month/Day/Year)
10/28/2015
3. Issuer Name and Ticker or Trading Symbol
FTE Networks, Inc. [FTNW]
(Last)
(First)
(Middle)
1825 SOUTH GRANT STREET, SUITE 210
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

SAN MATEO, CA 94402-2672
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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series D Convertible Preferred Stock   (1)   (1) Common Stock 1,089,600 $ (1) I Held by Lateral U.S. Credit Opportunities Fund, L.P. (2) (3)
Series D Convertible Preferred Stock   (1)   (1) Common Stock 2,179,220 $ (1) I Held by Lateral FTE Feeder LLC (2)
Series F Convertible Preferred Stock   (1)   (1) Common Stock 4,463,480 $ (1) I Held by Lateral U.S. Credit Opportunities Fund, L.P. (2) (3)
Series F Convertible Preferred Stock   (1)   (1) Common Stock 3,374,220 $ (1) I Held by Lateral FTE Feeder LLC (2)

Reporting Owners

Reporting Owner Name / Address Relationships
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 5(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) Each share of Series D Convertible Preferred Stock and Series F Convertible Preferred Stock is presented on an as-converted basis after giving effect to a 1-for-20 reverse stock split that became effective on May 26, 2016.
(2) 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.
(3) Lateral U.S. Credit Opportunities Fund, L.P. is the successor in interest to the shares that were initially owned by an affiliated entity, which shares have subsequently been transferred to Lateral U.S. Credit Opportunities Fund, L.P.
 
Remarks:
The Reporting Persons filing this Form 3 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.

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