SEC Form 4 · accession 0000899243-19-007028
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
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 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 | Mar 7, 2019 | M | 15,000 | $9.16 | A | 18,513 | D | |
| Class A Common Stock | Mar 7, 2019 | S | 5,000 | $59.95 | D | 13,513 | D | |
| Class A Common StockF2 | Mar 7, 2019 | S | 5,000 | $61.9572 | D | 8,513 | D | |
| Class A Common Stock | Mar 7, 2019 | S | 5,000 | $63.95 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock option (right to buy)F3 | $9.16 | Mar 7, 2019 | M | 15,000 | D | — | Jun 3, 2024 | Class A Common Stock | 15,000 | 40,415 | 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 $ 61.95 to $61.96. 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 stock option is currently exercisable.