Bandwidth Inc. — Director's Dealing 2019

Oct 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2019-09-30

Reporting Person: Hoffman Jeffrey A. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-30	Class A Common Stock	M	1457	$0.00	Acquired	6560	Direct
2019-10-02	Class A Common Stock	S	653	$64.94	Disposed	5907	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-30	Restricted Stock Units	$	M	1457	Disposed		Class A Common Stock (1457)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.

F3: On January 2, 2019, the Reporting Person was granted 11,654 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2019. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2020.