1. Name and Address of Reporting Person * |
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DALTON SEAN M |
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2. Date of Event Requiring Statement (Month/Day/Year) 06/05/2007 |
3. Issuer Name and Ticker or Trading Symbol Starent Networks, Corp. [STAR]
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C/O HIGHLAND CAPITAL PARTNERS,, 92 HAYDEN AVENUE |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director |
_____ 10% Owner |
_____ Officer (give title below) |
_____ Other (specify below) |
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5. If Amendment, Date Original Filed(Month/Day/Year)
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LEXINGTON, MA 02421 |
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned |
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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) |
Common Stock
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6,812,238
(1)
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I
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See Footnote
(2)
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Common Stock
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1,756,128
(1)
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I
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See Footnote
(3)
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Common Stock
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1,080,692
(1)
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I
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See Footnote
(4)
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* |
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) |
Consists of shares of common stock issued upon the automatic conversion of shares of Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Convertible Preferred Stock and Series E convertible Preferred Stock of the issuer. The preferred stock automatically converted upon the effectiveness of the Registration Statement on Form S-1 relating to the issuer's initial public offering. |
(2) |
Represents securities held by Highland Capital Partners V Limited Partnership, an affiliate of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuinary interest therein. |
(3) |
Represents securities held by Highland Capital Partners V-B Limited Partnership, an affiliate of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuinary interest therein. |
(4) |
Represents securities held by Highland Entrepreneurs' Fund V Limited Partnership, an affiliate of the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuinary interest therein. |
(5) |
This option vests as to 25% of the shares on December 14, 2007, and an additional 6.25% of the shares vest at the end of each three-month period thereafter. |