SEC Form 4 · accession 0001144204-18-029985
Switch, Inc. · SWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
DT GRAT CS, LLC
10% Owner
Period of report
May 18, 2018
Accepted (ET)
May 21, 2018 · 11:18 am 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 A Common StockF1 | May 18, 2018 | C | 200,000 | — | A | 200,000 | D | |
| Class B Common StockF1 | May 18, 2018 | J | 200,000 | — | D | 13,487,880 | 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 | — | May 18, 2018 | C | 200,000 | D | — | — | Class A Common Stock | 200,000 | 13,487,880 | D |
Explanation of responses
- F1The reporting person surrendered for redemption 200,000 common membership units in Switch, Ltd. ("Common Units") on May 18, 2018, on a one-for-one basis for Issuer Class A Common Stock. One share of Issuer Class B Common Stock, which confers only voting rights, was forfeited and cancelled, on a one-for-one basis, without consideration, upon the redemption of the Common Units in exchange for the Class A Common Stock. The Common Units are redeemable at any time, at the election of the reporting person, and have no expiration date.