XCOMQ Xtera Communications Inc (CE)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

Name of Reporting Persons
Sevin Rosen Fund VII L.P. (“SRFVII”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

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
1,165,984 shares, except that SRB Associates VII L.P. (“SRBVII”), the general partner of SRFVII, may be deemed to have sole power to vote these shares, and Jon W. Bayless (“Bayless”), Stephen L. Domenik (“Domenik”), Stephen M. Dow (“Dow”), John V. Jaggers (“Jaggers”), Jackie R. Kimzey (“Kimzey”)  and Charles H. Phipps (“Phipps”), as members of the general partner of SRBVII, may be deemed to have shared power to vote these shares.

6

Shared Voting Power
See response to row 5.

7

Sole Dispositive Power
1,165,984 shares, except that SRBVII, the general partner of SRFVII, may be deemed to have sole power to dispose of these shares, and Bayless, Domenik, Dow, Jaggers, Kimzey  and Phipps, as members of the general partner of SRBVII, may be deemed to have shared power to dispose of these shares.

8

Shared Dispositive Power
See response to row 7.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,165,984

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
6.8%

12

Type of Reporting Person*
PN

1

Name of Reporting Persons
Sevin Rosen VII Affiliates Fund L.P. (“SRVII A”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

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
44,803 shares, except that SRBVII, the general partner of SRVII A, may be deemed to have sole power to vote these shares, and Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps, as members of the general partner of SRBVII, may be deemed to have shared power to vote these shares.

6

Shared Voting Power
See response to row 5.

7

Sole Dispositive Power
44,803 shares, except that SRBVII, the general partner of SRVII A, may be deemed to have sole power to dispose of these shares, and Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps, as members of the general partner of SRBVII, may be deemed to have shared power to dispose of these shares.

8

Shared Dispositive Power
See response to row 7.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
44,803

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
0.3%

12

Type of Reporting Person*
PN

1

Name of Reporting Persons
SRB Associates VII L.P. (“SRBVII”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

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
1,210,787 shares, of which 1,165,984 shares are directly owned by SRFVII, and 44,803 shares are directly owned by SRVII A.  SRBVII, the general partner of SRFVII and SRVII A, may be deemed to have sole power to vote these shares, and Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps, members of the general partner of SRBVII, may be deemed to have shared power to vote these shares.

6

Shared Voting Power
See response to row 5.

7

Sole Dispositive Power
1,210,787 shares, of which 1,165,984 shares are directly owned by SRFVII, and 44,803 shares are directly owned by SRVII A.  SRBVII, the general partner of SRFVII and SRVII A, may be deemed to have sole power to dispose of these shares, and Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps, members of the general partner of SRBVII, may be deemed to have shared power to dispose of these shares.

8

Shared Dispositive Power
See response to row 7.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,787

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1%

12

Type of Reporting Person*
PN

1

Name of Reporting Persons
Sevin Rosen Bayless Management Company (“SRBMC”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
Texas

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
197 shares are directly owned by SRBMC.  Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps are officers and directors of SRBMC and may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
197 shares are directly owned by SRBMC.  Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps are officers and directors of SRBMC and may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
197

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
0.0%

12

Type of Reporting Person*
CO

1

Name of Reporting Persons
Jon W. Bayless (“Bayless”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
114,134 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Bayless, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
114,134 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Bayless, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,325,118

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.7 %

12

Type of Reporting Person*
IN

1

Name of Reporting Persons
Stephen L. Domenik (“Domenik”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Domenik, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Domenik, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,084

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1%

12

Type of Reporting Person*
IN

1

Name of Reporting Persons
Stephen M. Dow (“Dow”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Dow, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Dow, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,984

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1 %

12

Type of Reporting Person*
IN

1

Name of Reporting Persons
John V. Jaggers (“Jaggers”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Jaggers, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Jaggers, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,984

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1 %

12

Type of Reporting Person*
IN

1

Name of Reporting Persons
Jackie R. Kimzey (“Kimzey”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Kimzey, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Kimzey, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,984

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1 %

12

Type of Reporting Person*
IN

1

Name of Reporting Persons
Charles H. Phipps (“Phipps”)

2

Check the Appropriate Box if a Member of a Group*

(a)

o

(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
U.S. Citizen

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
0 Shares

6

Shared Voting Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Phipps, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to vote these shares.

7

Sole Dispositive Power
0 Shares

8

Shared Dispositive Power
1,210,984 shares, of which 1,165,984 shares are directly owned by SRFVII, 44,803 shares are directly owned by SRVII A and 197 are directly owned by SRBMC.  Phipps, as a member of the general partner of SRBVII, the general partner of SRFVII and SRVII A, and an officer and director of SRBMC, may be deemed to have shared power to dispose of these shares.

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,210,984

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* o

11

Percent of Class Represented by Amount in Row 9
7.1 %

12

Type of Reporting Person*
IN

Item 1(a)

Name of Issuer
Xtera Communications, Inc.

Item 1(b)

Address of Issuer’s Principal Executive Office
500 W. Bethany Drive, Suite 100

Allen, TX  75013

Item 2.

(a)

Name of Persons Filing
This Statement is filed by Sevin Rosen Fund VII L.P., a Delaware limited partnership (“SRFVII”); Sevin Rosen VII Affiliates Fund L.P., a Delaware limited partnership (“SRVII A”);  SRB Associates VII L.P., a Delaware limited partnership (“SRBVII”); Sevin Rosen Bayless Management Company (“SRBMC”), a Texas corporation;  Jon W. Bayless (“Bayless”); Stephen L. Domenik (“Domenik”); Stephen M. Dow (“Dow”); John V. Jaggers (“Jaggers”); Jackie R. Kimzey (“Kimzey”); and Charles H. Phipps (“Phipps”).  The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

SRBVII, the general partner of SRFVII and SRVII A, may be deemed to have sole power to vote and sole power to dispose of shares of the issuer directly owned by SRFVII and SRVII A.  Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps are members of the general partner of SRBVII and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by SRFVII and SRVII A.

Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps are officers and directors of SRBMC and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by SRBMC.

(b)

Address of Principal Business Office or, if none, Residence
The address for each of the Reporting Persons is:

Sevin Rosen Funds

One Galleria Tower

13355 Noel Road, Suite 1350

Dallas, TX  75240

(c)

Citizenship
SRFVII, SRVII A and SRBVII are Delaware limited partnerships.  SRMBC is a Texas corporation.  Bayless, Domenik, Dow, Jaggers, Kimzey and Phipps are United States citizens.

(d)

Title of Class of Securities
Common Stock

(e)

CUSIP Number
98415E300

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:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

o

Investement company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80(a-8);

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

Group, in accordance with 240.13d-1(b)(1)(ii)(J).

NOT APPLICABLE

Item 4.

Ownership

The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2015:

(a)

Amount beneficially owned:   

See Row 9 of cover page for each Reporting Person.

(b)

Percent of class:   

See Row 11 of cover page for each Reporting Person.

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote:   

See Row 5 of cover page for each Reporting Person.

(ii)

Shared power to vote or to direct the vote:    

See Row 6 of cover page for each Reporting Person.

(iii)

Sole power to dispose or to direct the disposition of:   

See Row 7 of cover page for each Reporting Person.

(iv)

Shared power to dispose or to direct the disposition of:   

See Row 8 of cover page for each Reporting Person.

Item 5.

Ownership of 5 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 5 percent of the class of securities, check the following.   o

NOT APPLICABLE

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person

Under certain circumstances set forth in the limited partnership agreements of  SRFVII, SRVII A and SRBVII, the general and limited partners, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from the sale of shares of the issuer owned by each such entity of which they are a partner.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

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

NOT APPLICABLE

Dated: February 5, 2016

SEVIN ROSEN FUND VII L.P.

/s/ John V. Jaggers

By SRB ASSOCIATES VII L.P.,

Signature

Its General Partner

John V. Jaggers

Attorney-In-Fact

SEVIN ROSEN VII AFFILIATES FUND L.P.

/s/ John V. Jaggers

By SRB ASSOCIATES VII L.P.,

Signature

Its General Partner

John V. Jaggers

Attorney-In-Fact

SRB ASSOCIATES VII L.P.

/s/ John V. Jaggers

By SRB ASSOCIATES VII L.P.,

Signature

Its General Partner

John V. Jaggers

Attorney-In-Fact

SEVIN ROSEN BAYLESS MANAGEMENT

/s/ John V. Jaggers

COMPANY

Signature

John V. Jaggers

Attorney-In-Fact

JON W. BAYLESS

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

STEPHEN L. DOMENIK

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

STEPHEN M. DOW

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

JOHN V. JAGGERS

/s/ John V. Jaggers

Signature

JACKIE R. KIMZEY

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

CHARLES H. PHIPPS

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

Dated: February 5, 2016

SEVIN ROSEN FUND VII L.P.

/s/ John V. Jaggers

By SRB ASSOCIATES VII L.P.,

Signature

Its General Partner

John V. Jaggers

Attorney-In-Fact

SEVIN ROSEN VII AFFILIATES FUND L.P.

/s/ John V. Jaggers

By SRB ASSOCIATES VII L.P.,

Signature

Its General Partner

John V. Jaggers

Attorney-In-Fact

SRB ASSOCIATES VII L.P.

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

SEVIN ROSEN BAYLESS MANAGEMENT

/s/ John V. Jaggers

COMPANY

Signature

John V. Jaggers

Attorney-In-Fact

JON W. BAYLESS

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

STEPHEN L. DOMENIK

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

STEPHEN M. DOW

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

JOHN V. JAGGERS

/s/ John V. Jaggers

Signature

JACKIE R. KIMZEY

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact

CHARLES H. PHIPPS

/s/ John V. Jaggers

Signature

John V. Jaggers

Attorney-In-Fact