Park West Asset Management Reveals Fresh Bet On Internap Corp (INAP)

Page 2 of 9 – SEC Filing
CUSIP No. 45885A300
(1)           Names of Reporting Persons
Park West Asset Management LLC
(2)           Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐
(b) ☐
(3)           SEC Use Only
(4)           Citizenship or Place of Organization
Delaware
Number of Shares Beneficially Owned by
Each Reporting Person With:
(5) Sole Voting Power
3,000,000*
(6) Shared Voting Power
0
(7) Sole Dispositive Power
3,000,000*
(8) Shared Dispositive Power
0
(9)           Aggregate Amount Beneficially Owned by Each Reporting Person
3,000,000*
(10)         Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions):             ☐
(11)         Percent of Class Represented by Amount in Row (9)
5.2%*
(12)        Type of Reporting Person (See Instructions)
IA
* 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.

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