SEC Form 4 · accession 0000899243-18-023464
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey A. Hoffman
Officer — Chief Financial Officer
Period of report
Aug 27, 2018
Accepted (ET)
Aug 29, 2018 · 4:05 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 | Aug 27, 2018 | M | 11,909 | $5.80 | A | 11,909 | D | |
| Class A Common StockF2 | Aug 27, 2018 | S | 11,909 | $45.3048 | D | 0 | D | |
| Class A Common Stock | Aug 28, 2018 | M | 4,282 | $5.80 | A | 4,282 | D | |
| Class A Common StockF3 | Aug 28, 2018 | S | 4,282 | $45.3101 | 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)F4 | $5.80 | Aug 27, 2018 | M | 11,909 | D | — | Oct 31, 2021 | Class A Common Stock | 11,909 | 24,613 | D |
| Stock option (right to buy)F4 | $5.80 | Aug 28, 2018 | M | 4,282 | D | — | Oct 31, 2021 | Class A Common Stock | 4,282 | 20,331 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.25 to $45.69. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.26 to $45.43. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The stock option is currently exercisable.