SEC Form 4 · accession 0000899243-18-022837
Switch, Inc. · SWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
INTEL CAPITAL CORP
10% Owner
Period of report
Aug 17, 2018
Accepted (ET)
Aug 20, 2018 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001710583
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2 | Aug 17, 2018 | J | 6,055,110 | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | — | Aug 17, 2018 | S | 6,055,110 | D | — | — | Class A Common Stock | 6,055,110 | 0 | D |
Explanation of responses
- F1The reporting person sold 6,055,110 common membership units in Switch, Ltd. ("Common Units") for a price of $10.543 per unit. The Common Units are redeemable on a one-for-one basis for shares of Class A Common Stock or, at the election of the Issuer, cash equal to a volume weighted average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
- F2Upon the sale of the Common Units, one share of Issuer's Class B Common Stock held by the reporting person was forfeited and cancelled, without consideration, on a one-for-one basis for each Common Unit sold. The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.