SEC Form 4 · accession 0000899243-19-004693
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
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 4:16 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 | Feb 21, 2019 | M | 4,997 | $0.00 | A | 4,997 | D | |
| Class A Common Stock | Feb 21, 2019 | F | 1,484 | $52.25 | D | 3,513 | D | |
| Class A Common Stock | Feb 22, 2019 | M | 5,445 | $9.16 | A | 8,958 | D | |
| Class A Common Stock | Feb 22, 2019 | S | 5,000 | $52.95 | D | 3,958 | D | |
| Class A Common Stock | Feb 22, 2019 | S | 445 | $54.45 | D | 3,513 | D |
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,F3 | — | Feb 21, 2019 | M | 4,997 | D | — | — | Class A Common Stock | 4,997 | 14,991 | D |
| Stock Option (right to buy)F4 | $9.16 | Feb 22, 2019 | M | 5,445 | D | — | Jun 3, 2024 | Class A Common Stock | 5,445 | 68,495 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3On February 21, 2018, the Reporting Person was granted 19,988 Restricted Stock Units which vest in four equal annual installments beginning on February 21, 2019.
- F4The stock option is current exercisable.