SEC Form 4 · accession 0001593968-19-000178
Switch, Inc. · SWCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gabriel Nacht
Officer — Chief Financial Officer
Period of report
Dec 13, 2018
Accepted (ET)
Jan 22, 2019 · 9:04 am 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 StockF1 | Dec 13, 2018 | A | 93,400 | $0.00 | A | 113,569 | D | |
| Class B Common Stock | holding | — | — | — | 337,353 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2 | $6.97 | Dec 13, 2018 | A | 353,667 | A | Mar 7, 2019 | Dec 13, 2028 | Class A Common Stock | 353,667 | 353,667 | D |
Explanation of responses
- F1Represents restricted stock units ("RSUs") granted on December 13, 2018 that convert, on a one-to-one basis, into shares of Class A Common Stock upon vesting. The RSUs will vest over time with 25% of such RSUs vesting on each of March 7, 2019, 2020, 2021, and 2022.
- F2The options will vest over time with 25% of such options vesting on each of March 7, 2019, 2020, 2021, and 2022.