Filing Details

INTERNAP CORPORATION

(Name of Issuer)

COMMON STOCK, $0.001 PAR VALUE PER SHARE

(Title of Class of Securities)

45885A300

(CUSIP Number)

DECEMBER 27, 2016

(Date of Event Which Requires Filing of this Statement)

* Beneficial ownership percentage is based upon 58,245,920 shares of common stock, $0.001 par value per share (“Common Stock”), of Internap Corporation., a Delaware corporation (the “Company”), issued and outstanding as of September 30, 2016, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2016.  Park West Asset Management LLC (“PWAM”) is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company (“PWIMF”), and Park West Partners International, Limited, a Cayman Islands exempted company (“PWPI” and, collectively with PWIMF, the “PW Funds”), and Peter S. Park (“Mr. Park” and, collectively with PWAM, the “Reporting Persons”) is the sole member and manager of PWAM.  As of December 27, 2016, PWIMF held 2,648,965 shares of Common Stock of the Company and PWPI held 351,035 shares of Common Stock of the Company.  As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 3,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, or approximately 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of December 27, 2016.

 

 

 

 

* Beneficial ownership percentage is based upon 58,245,920 shares of Common Stock of the Company, issued and outstanding as of September 30, 2016, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2016.  PWAM is the investment manager to the PW Funds, and Mr. Park is the sole member and manager of PWAM.  As of Decmeber 27, 2016, PWIMF held 2,648,965 shares of Common Stock of the Company and PWPI held 351,035 shares of Common Stock of the Company.  As a result of the foregoing, for purposes of Reg. Section 240.13d-3, the Reporting Persons may be deemed to beneficially own the 3,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, or approximately 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of December 27, 2016.

 

Item 1(a).

Name Of Issuer: Internap Corporation (the “Company”)

Item 1(b).

Address of Issuer’s Principal Executive Offices.

One Ravinia Drive, Suite 1300
Atlanta, Georgia 30346

Item 2(a).

Name of Person Filing.

This report on Schedule 13G (this “Schedule 13G”), is being jointly filed by (i) Park West Asset Management LLC (“PWAM”), a Delaware limited liability company and the investment manager to (a) Park West Investors Master Fund, Limited (“PWIMF”), a Cayman Islands exempted company that is the holder of 2,648,965 shares of common stock, $0.001 par value per share (“Common Stock”), of the Company reported on this Schedule 13G, and (b) Park West Partners International, Limited (“PWPI” and, collectively with PWIMF, the “PW Funds”), a Cayman Islands exempted company that is the holder of 351,035 shares of Common Stock of the Company reported on this Schedule 13G; and (ii) Peter S. Park, as the sole member and manager of PWAM (“Mr. Park” and, collectively with PWAM, the “Reporting Persons”).

The 3,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, which constitute approximately 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of December 27, 2016, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.

Item 2(b).

Address of Principal Business Office or, if None, Residence.

The address for the Reporting Persons is:  900 Larkspur Landing Circle, Suite 165, Larkspur, California 94939.

Item 2(c).

Citizenship.

PWAM is organized under the laws of the State of Delaware.  Mr. Park is a citizen of the United States.

Item 2(d).

Title of Class of Securities.

Common stock, $0.001 par value per share.

Item 2(e).

CUSIP No.

45885A300

 

 

Item 3.

If This Statement Is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:

Not Applicable.

Item 4.

Ownership.

 

 

* This Schedule 13G is being jointly filed by (i) PWAM, a Delaware limited liability company and the investment manager to (a) PWIMF, a Cayman Islands exempted company that is the holder of 2,648,965 shares of Common Stock of the Company, as reported on this Schedule 13G, and (b) PWPI, a Cayman Islands exempted company that is the holder of 351,035 shares of Common Stock of the Company, as reported on this Schedule 13G; and (ii) Mr. Park, as the sole member and manager of PWAM.

The 3,000,000 shares of Common Stock of the Company held in the aggregate by the PW Funds, which constitute approximately 5.2% of the shares of Common Stock of the Company deemed to be issued and outstanding as of December 27, 2016, may be deemed to be beneficially owned (x) indirectly by PWAM, as the investment adviser to PWIMF and PWPI, and (y) indirectly by Mr. Park, as the sole member and manager of PWAM.  The foregoing beneficial ownership percentage is based upon 58,245,920 shares of Common Stock of the Company, issued and outstanding as of September 30, 2016, based on information reported by the Company in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2016.

Item 5.

Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ☐

 

 

Item 6.

Ownership of More Than Five Percent on Behalf of Another Person.

 

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not Applicable.

Item 8.

Identification and Classification of Members of the Group.

 

Not Applicable.

Item 9.

Notice of Dissolution of Group.

 

Not Applicable.

Item 10.

Certification.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Attention:  Intentional misstatements or omissions of fact constitute

Federal criminal violations (See 18 U.S.C. 1001)

 

 

Exhibit Index

 

 

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of common stock, $0.001 par value per share, of Internap Corporation, a Delaware corporation, and further agree that this Joint Filing Agreement be included as Exhibit A to such Schedule 13G.  In evidence thereof, the undersigned hereby execute this agreement this 6th day of January, 2017.

 

 

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