SEC Form 4 · accession 0000899243-19-004694
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
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 | 6,227 | $0.00 | A | 6,227 | D | |
| Class A Common Stock | Feb 21, 2019 | F | 2,783 | $52.25 | D | 3,444 | 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 UnitsF1,F2 | — | Feb 21, 2019 | M | 6,227 | D | — | — | Class A Common Stock | 6,227 | 18,680 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F2On February 21, 2018, the Reporting Person was granted 24,907 Restricted Stock Units which vest in four equal annual installments beginning on February 21, 2019.