SEC Form 4 · accession 0000899243-19-001199
Bandwidth Inc. · BAND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A. Morken
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Jan 11, 2019
Accepted (ET)
Jan 15, 2019 · 4:05 pm EST
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 | Jan 11, 2019 | M | 12,400 | $5.80 | A | 12,400 | D | |
| Class A Common StockF2 | Jan 11, 2019 | S | 7,400 | $41.512 | D | 5,000 | D | |
| Class A Common StockF3 | Jan 11, 2019 | S | 5,000 | $41.8094 | D | 0 | D | |
| Class A Common Stock | Jan 14, 2019 | M | 19,453 | $5.80 | A | 19,453 | D | |
| Class A Common StockF4 | Jan 14, 2019 | S | 19,453 | $40.7799 | 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)F5 | $5.80 | Jan 11, 2019 | M | 12,400 | D | — | Apr 12, 2022 | Class A Common Stock | 12,400 | 69,659 | D |
| Stock Option (Right to buy)F5 | $5.80 | Jan 14, 2019 | M | 19,453 | D | — | Apr 12, 2022 | Class A Common Stock | 19,453 | 50,206 | 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 $40.78 to $41.77. 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 $41.78 to $41.88. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.53 to $41.27. 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.
- F5The stock option is currently exercisable.