SEC Form 4 · accession 0000899243-18-016995
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C. Murdock
Officer — President · Director · 10% Owner
Period of report
Jun 14, 2018
Accepted (ET)
Jun 18, 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 Stock | Jun 14, 2018 | C | 46,505 | $0.00 | A | 46,505 | D | |
| Class A Common Stock | Jun 14, 2018 | S | 46,505 | $39.4012 | D | 0 | D | |
| Class A Common Stock | Jun 15, 2018 | C | 30,125 | $0.00 | A | 30,125 | D | |
| Class A Common Stock | Jun 15, 2018 | S | 30,125 | $39.305 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $5.80 | Jun 14, 2018 | M | 46,505 | D | — | Oct 1, 2018 | Class B Common Stock | 46,505 | 106,757 | D |
| Class B Common StockF3 | — | Jun 14, 2018 | M | 46,505 | A | — | — | Class A Common Stock | 46,505 | 138,887 | D |
| Class B Common StockF3 | — | Jun 14, 2018 | C | 46,505 | D | — | — | Class A Common Stock | 46,505 | 92,382 | D |
| Stock Option (right to buy)F2 | $5.80 | Jun 15, 2018 | M | 30,125 | D | — | Oct 1, 2018 | Class B Common Stock | 30,125 | 76,632 | D |
| Class B Common StockF3 | — | Jun 15, 2018 | M | 30,125 | A | — | — | Class A Common Stock | 30,125 | 122,507 | D |
| Class B Common StockF3 | — | Jun 15, 2018 | C | 30,125 | D | — | — | Class A Common Stock | 30,125 | 92,382 | D |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 52,409 | 52,409 | I |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 52,409 | 52,007 | I |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The stock option is 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.