Bandwidth Inc. — Director's Dealing 2018

Jul 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2018-07-11

Reporting Person: Murdock John C. (Director, President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-07-11	Class A Common Stock	C	18077	$0.00	Acquired	18077	Direct
2018-07-11	Class A Common Stock	S	18077	$35.6502	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-07-11	Stock Option (right to buy)	$5.80	M	18077	Disposed	2018-10-01	Class B Common Stock (18077)	Direct
2018-07-11	Class B Common Stock	$	M	18077	Acquired		Class A Common Stock (18077)	Direct
2018-07-11	Class B Common Stock	$	C	18077	Disposed		Class A Common Stock (18077)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (52409)	52409	Indirect
Class B Common Stock	$		Class A Common Stock (52007)	52007	Indirect

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 $35.17 to $36.00. 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 stock option is currently exercisable.

F4: The shares of Class B common stock are convertible into Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.