SEC Form 4 · accession 0001719015-18-000003

Switch, Inc. · SWCH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

10% Owner

10% Owner

10% Owner

Period of report

May 18, 2018

Accepted (ET)

May 23, 2018 · 6:46 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 STOCK^F1,F3	May 18, 2018	C	200,000	—	A	200,000	I	BY LLC
CLASS A COMMON STOCK^F1,F4	May 18, 2018	C	200,000	—	A	200,000	I	BY TRUST
CLASS B COMMON STOCK^F2,F3	May 18, 2018	J	200,000	—	D	200,000	I	BY LLC
CLASS B COMMON STOCK^F2,F4	May 18, 2018	J	200,000	—	D	200,000	I	BY TRUST

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
COMMON UNITS^F1,F3	—	May 18, 2018	C	200,000	D	—	—	CLASS A COMMON STOCK	200,000	8,413,000	I
COMMON UNITS^F1,F4	—	May 18, 2018	C	200,000	D	—	—	CLASS A COMMON STOCK	200,000	5,260,920	I

F1The reporting person surrendered for redemption and conversion 200,000 common membership units in Switch, Ltd. ("Common Units") on a one-for-one basis for Issuer's Class A Common Stock. 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 redemption and conversion of the Common Units into Class A Common Stock, 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 share of Class A Common Stock acquired. The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.
F3Held by Balelo Holdings LLC, as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. Mr. Balelo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F4Held by Balelo Family Irrevocable Subtrust, as to which Mr. Balelo has the power to direct the sale or disposition of the shares held by the trust and the trust beneficiaries are Mr. Balelo and his immediate family members. Mr. Balelo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.