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Bandwidth Inc. — Director's Dealing 2018
Sep 6, 2018
32780_dirs_2018-09-05_20edf1dd-b13c-4a64-9544-9bdf971fd3b3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2018-08-31
Reporting Person: Hoffman Jeffrey A. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-31 | Class A Common Stock | M | 4986 | $5.80 | Acquired | 4986 | Direct |
| 2018-08-31 | Class A Common Stock | S | 4986 | $45.2879 | Disposed | 0 | Direct |
| 2018-09-04 | Class A Common Stock | M | 11522 | $5.80 | Acquired | 11522 | Direct |
| 2018-09-04 | Class A Common Stock | S | 11522 | $47.0734 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-31 | Stock option (right to buy) | $5.80 | M | 4986 | Disposed | 2021-10-31 | Class A Common Stock (4986) | Direct |
| 2018-09-04 | Stock option (right to buy) | $5.80 | M | 11522 | Disposed | 2021-10-31 | Class A Common Stock (11522) | Direct |
Footnotes
F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.25 to $45.48. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.75 to $47.60. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4: The stock option is currently exercisable.
F5: The reporting persons's prior Form 4, filed on August 31, 2018, incorrectly stated the number of derivative securities beneficially owned following the reported transaction.