SEC Form 4 · accession 0000899243-18-000170
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W. Christopher Matton
Officer — General Counsel
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 8:00 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514416
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1 | $5.80 | Dec 29, 2017 | M | 2,437 | D | — | Dec 31, 2017 | Class B Common Stock | 2,437 | 0 | D |
| Class B Common StockF2 | — | Dec 29, 2017 | M | 2,437 | A | — | — | Class A Common Stock | 2,437 | 2,437 | D |
| Class B Common StockF3,F2 | — | Dec 29, 2017 | F | 612 | D | — | — | Class A Common Stock | 612 | 1,825 | D |
Explanation of responses
- F1The warrants are currently exercisable.
- F2The shares of Class B common stock are convertible in to Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.
- F3On December 29, 2017, the reporting person exercised a warrant to purchase 2,437 shares of the Issuer's Class B Common Stock for $5.80 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 612 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining shares. The Issuer also paid $2.19 to the reporting person in lieu of a fractional share.