SEC Form 4 · accession 0001144204-18-044639
Switch, Inc. · SWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 10, 2018
Accepted (ET)
Aug 14, 2018 · 4:03 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 A Common StockF1,F2 | Aug 10, 2018 | S | 189,022 | $14.0048 | D | 664,693 | I | By LLC |
| Class B Common StockF3,F2 | holding | — | — | — | 7,331,538 | I | By LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common UnitsF4,F2 | — | holding | — | — | — | — | — | Class A Common Stock | 7,331,538 | 7,331,538 | I |
Explanation of responses
- F1Prices of securities reported in U.S. dollars on a per share basis, not an aggregate basis. Amounts reported exclude brokerage commissions and other costs of execution.
- F2Held by Gragson Data SS, LLC, as to which Mr. Gragson is the manager and has voting and dispositive power of the shares, subject to a voting agreement in favor of the pledgee of the shares. Mr. Gragson disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
- F3The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.
- F4The 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.