SEC Form 4 · accession 0000899243-18-012084
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Carmichael Investment Partners, LLC
10% Owner
Kevin J Martin
10% Owner
Brian D. Bailey
Director · 10% Owner
Carmichael Bandwidth LLC
10% Owner
Carmichael Partners LLC
10% Owner
Period of report
Nov 14, 2017
Accepted (ET)
May 9, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514416
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Nov 14, 2017 | P | 1,575 | $20.00 | A | 1,954 | I | See footnotes |
| Class A Common StockF2,F3 | Mar 31, 2018 | M | 822 | $0.00 | A | 2,776 | I | See footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F6,F4,F5 | — | Mar 31, 2018 | M | 822 | D | — | — | Class A Common Stock | 822 | 2,466 | I |
Explanation of responses
- F1Represents 1,575 shares of Class A Common Stock held directly by Brian D. Bailey and 379 Restricted Stock Units held directly by Brian D. Bailey.
- F2Pursuant to an agreement between Mr. Bailey and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefits of such Restricted Stock Units.
- F3Represents 1,201 Restricted Stock Units held directly by Brian D. Bailey.
- F4Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F5On January 24, 2018, the Reporting Person was granted 3,288 Restricted Stock Units which vest in four equal quarterly installments beginning on March 31, 2018.
- F6Represents Restricted Stock Units held directly by Brian D. Bailey.