SEC Form 4 · accession 0000899243-18-005066
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Bowen
10% Owner
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 5:01 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1,F2 | $5.80 | Feb 20, 2018 | X | 4,919 | D | — | Feb 22, 2018 | Class B Common Stock | 4,919 | 0 | D |
| Class B Common StockF3 | — | Feb 20, 2018 | X | 4,919 | A | — | — | Class A Common Stock | 4,919 | 1,100,094 | D |
| Class B Common StockF3 | — | Feb 20, 2018 | S | 1,194 | D | — | — | Class A Common Stock | 1,194 | 1,098,900 | D |
Explanation of responses
- F1Due to a calculation error, the Reporting Person's Form 3 filed on November 9, 2017 overreported the number of Warrants held by the Reporting Person by 1 Warrant.
- F2The Warrants are currently exercisable.
- F3The 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.
- F4On February 20, 2018, the reporting person exercised a warrant to purchase 4,919 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 1,194 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 3,725 shares.