SEC Form 4 · accession 0001209191-18-004430
Switch, Inc. · SWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rob Roy
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Jan 16, 2018
Accepted (ET)
Jan 18, 2018 · 9:04 pm EST
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 STOCK | Jan 16, 2018 | F | 9,029 | $17.40 | D | 41,609 | D | |
| CLASS C COMMON STOCKF1 | holding | — | — | — | 35,185,252 | I | BY LLC | |
| CLASS C COMMON STOCKF2 | holding | — | — | — | 7,759,395 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Held by affiliated entity; Mr. Roy and his spouse have voting and dispositive control over, and full pecuniary interests in, these shares.
- F27,500,000 of the Common Units (and associated Class C common stock) are subject to vesting over four years as follows: 3,000,000 units vested on October 11, 2017 at the closing of the IPO; 187,500 Common Units vest on each of the first eight quarterly anniversaries of the closing of the IPO; and 375,000 will vest on each quarterly anniversary thereafter, subject to continued service and acceleration upon certain events.