13G Filing: Park West Asset Management and Internap Corp (INAP)

Internap Corp (NASDAQ:INAP): Peter S. Park’s Park West Asset Management filed an amended 13G.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Park West Asset Management 0 1,052,573 0 1,052,573 1,052,573 5.1%
Park West Investors Master Fund, Limited 0 933,864 0 933,864 933,864 4.5%
Peter S. Park 0 1,052,573 0 1,052,573 1,052,573 5.1%

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Page 1 of 9 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

INTERNAP CORPORATION

(Name of Issuer)

Common
Stock, $0.001 par value per share

(Title of Class of Securities)

45885A409

(CUSIP Number)

December
31, 2017

(Date of Event Which Requires Filing of this
Statement)

Check the appropriate box to designate the
rule pursuant to which this Schedule 13G is filed:

[   ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[   ] Rule 13d-1(d)

* The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of
this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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Page 2 of 9 – SEC Filing

CUSIP No.  45885A409
(1) Names of Reporting Persons
Park West Asset Management LLC
(2) Check the Appropriate Box if a Member of a Group (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: 0
(6) Shared Voting Power: 1,052,573*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 1,052,573*
   
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,052,573*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
5.1%*
(12) Type of Reporting Person
IA

* Beneficial ownership percentage is based upon 20,804,221 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 December 31, 2017, based on information provided
by the Company. 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 and PWIMF, the “Reporting Persons”) is the sole member and manager of PWAM. As of December
31, 2017, PWIMF held 993,864 shares of Common Stock and PWPI held 118,709 shares of Common Stock. As a result of the foregoing,
for purposes of Reg. Section 240.13d-3, PWAM and Mr. Park may be deemed to beneficially own the 1,052,573 shares of Common Stock
held in the aggregate by the PW Funds, or approximately 5.1% of the shares of Common Stock deemed to be issued and outstanding
as of December 31, 2017.

  

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Page 3 of 9 – SEC Filing

CUSIP No.  45885A409
(1) Names of Reporting Persons
Park West Investors Master Fund, Limited
(2) Check the Appropriate Box if a Member of a Group (a) [    ]
(b) [    ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
Cayman
Islands
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power: 0
(6) Shared Voting Power: 933,864*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 933,864*
   
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
933,864*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
4.5%*
(12) Type of Reporting Person
CO

* Beneficial ownership percentage is based upon 20,804,221 shares of Common Stock, issued and outstanding as
of December 31, 2017, based on information provided by the Company. PWAM is the investment manager to PWIMF and Mr. Park is the
sole member and manager of PWAM. As December 31, 2017, PWIMF held 933,864 shares of Common Stock, or approximately 4.5% of the
shares of Common Stock deemed to be issued and outstanding as of December 31, 2017.

 

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Page 4 of 9 – SEC Filing

CUSIP No.  45885A409
(1) Names of Reporting Persons
Peter
S. Park
(2) Check the Appropriate Box if a Member of a Group (a) [    ]
(b) [    ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
United
States of America
Number of Shares Beneficially Owned By Each Reporting Person With
(5) Sole Voting Power: 0
(6) Shared Voting Power: 1,052,573*
(7) Sole Dispositive Power: 0
(8) Shared Dispositive Power: 1,052,573*
   
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,052,573*
(10) Check if the Aggregate Amount  in Row (9) Excludes Certain Shares (See Instructions):
[    ]
(11) Percent of Class Represented by Amount in Row (9)
5.1%*
(12) Type of Reporting Person
IN

*
Beneficial ownership percentage is based upon 20,804,221 shares of Common Stock, issued and outstanding as
of December 31, 2017, based on information provided by the Company. PWAM is the investment manager to the PW Funds and Mr. Park
is the sole member and manager of PWAM. December 31, 2017, PWIMF held 933,864 shares of Common Stock and PWPI held 118,709 shares
of Common Stock. As a result of the foregoing, for purposes of Reg. Section 240.13d-3, PWAM and Mr. Park may be deemed to beneficially
own the 1,052,573 shares of Common Stock held in the aggregate by the PW Funds, or approximately 5.1% of the shares of Common Stock
deemed to be issued and outstanding as of December 31, 2017.

 

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Page 5 of 9 – SEC Filing


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 933,864 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 118,709 shares
of Common Stock reported on this Schedule 13G; (ii) PWIMF; and (iii) Peter S. Park, as the sole member and manager of PWAM (“Mr.
Park” and, collectively with PWAM and PWIMF, the “Reporting Persons”).

 

The
1,052,573 shares of Common Stock held in the aggregate by the PW Funds, which constitute approximately 5.1% of the shares of Common
Stock deemed to be issued and outstanding as of December 31, 2017, 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.

 

As
of December 31, 2017, PWIMF held 933,864 shares of Common Stock, constituting approximately 4.5% of the Common Stock deemed to
be issued and outstanding as of such date.

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. PWIMF is a Cayman Islands exempted company.

Item 2(d).  Title of Class of Securities:
 Common stock, $0.001 par value per share.
Item 2(e).  CUSIP No.:
 45885A409

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Page 6 of 9 – SEC Filing

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:

As reported in the cover
pages to this report, the ownership information with respect to each of PWAM and Mr. Park is as follows:

(a)     Amount Beneficially Owned: 1,052,573*
(b)    Percent of Class: 5.1%*
(c)     Number of Shares as to which such person has:
(i)     Sole power to vote or to direct the vote: 0
(ii)     Shared power to vote or to direct the vote: 1,052,573*
(iii)     Sole power to dispose or to direct the disposition of: 0
(iv)     Shared power to dispose or to direct the disposition of: 1,052,573*

As reported in the cover
pages to this report, the ownership information with respect to PWIMF is as follows:

(a)     Amount Beneficially Owned: 933,864*
(b)     Percent of Class: 4.5%*
(c)     Number of Shares as to which such person has:
(i)     Sole power to vote or to direct the vote: 0
(ii)     Shared power to vote or to direct the vote: 933,864*
(iii)     Sole power to dispose or to direct the disposition of: 0 
(iv)     Shared power to dispose or to direct the disposition of: 933,864*

 * 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 933,864 shares of Common Stock, as reported on this
Schedule 13G, and (b) PWPI, a Cayman Islands exempted company that is the holder of 118,709 shares of Common Stock; (ii) PWIMF;
and (iii) Mr. Park, as the sole member and manager of PWAM.

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Page 7 of 9 – SEC Filing

The 1,052,573
shares of Common Stock held in the aggregate by the PW Funds, which constitute approximately 5.1% of the shares of Common Stock
deemed to be issued and outstanding as of December 31, 2017, 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. As of December
31, 2017, PWIMF held 933,864 shares of Common Stock, constituting approximately 4.5% of the Common Stock deemed to be issued and
outstanding as of such date. The foregoing beneficial ownership percentages are based upon 20,804,221 shares of Common Stock of
the Company, issued and outstanding as of December 31, 2017, based on information provided by the Company.

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.

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Page 8 of 9 – SEC Filing

SIGNATURE

          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.

February 28,
2018
PARK WEST ASSET MANAGEMENT LLC
By: /s/
Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
PARK WEST INVESTORS
MASTER FUND, LIMITED
By: Park West Asset
Management LLC, its Investment Manager
By: /s/
Grace Jimenez
Name: Grace Jimenez
Title: Chief Financial Officer
/s/ Peter S. Park
Peter S. Park

 

Attention: Intentional misstatements or omissions
of fact constitute

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

 

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Page 9 of 9 – SEC Filing

Exhibit Index

Exhibit

A.  Joint Filing Agreement, dated as of February 21, 2017, by and among Park West Asset Management LLC, Peter
S. Park, and Park West Investors Master Fund, Limited (incorporated by reference to Exhibit A to Amendment No. 1 to Schedule 13G,
filed with the Securities and Exchange Commission on February 21, 2017).

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