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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LATERAL INVESTMENT MANAGEMENT, 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)
04/07/2016

(Street)

SAN MATEO, CA 94402-2672

4. If Amendment, Date 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

(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)
			Code	V	Amount	(A) or (D)	Price

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

Contractual right to receive Common Stock

⁽¹⁾

12/15/2017

S⁽²⁾

254,734

⁽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⁾

Common Stock

254,734

⁽²⁾

1,127,739 ⁽¹⁾ ⁽²⁾ ⁽³⁾

D ⁽³⁾ ⁽⁴⁾ ⁽⁵⁾ ⁽⁶⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LATERAL INVESTMENT MANAGEMENT, 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
de Silva Richard 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
Feeney Patrick James 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO, CA 94402-2672		X
LeoGroup Private Debt Facility, L.P. 100 WOOD AVENUE SOUTH, SUITE 209 ISELIN, NJ		X

Signatures

/s/ Dhamita Richard de Silva		12/20/2017
^**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)	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.

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