Bandwidth Inc. — Director's Dealing 2019

Jun 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2019-06-10

Reporting Person: Murdock John C. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-10	Class A Common Stock	M	72564	$5.80	Acquired	120211	Direct
2019-06-10	Class A Common Stock	S	12116	$72.8082	Disposed	108095	Direct
2019-06-10	Class A Common Stock	S	25177	$73.9384	Disposed	82918	Direct
2019-06-10	Class A Common Stock	S	10609	$74.9363	Disposed	72309	Direct
2019-06-10	Class A Common Stock	S	10196	$76.1025	Disposed	62113	Direct
2019-06-10	Class A Common Stock	S	4600	$77.0409	Disposed	57513	Direct
2019-06-10	Class A Common Stock	S	9766	$77.8324	Disposed	47747	Direct
2019-06-10	Class A Common Stock	S	100	$78.63	Disposed	47647	Direct
2019-06-11	Class A Common Stock	M	77436	$5.80	Acquired	125083	Direct
2019-06-11	Class A Common Stock	S	21655	$70.596	Disposed	103428	Direct
2019-06-11	Class A Common Stock	S	35142	$71.2973	Disposed	68286	Direct
2019-06-11	Class A Common Stock	S	13938	$72.4003	Disposed	54348	Direct
2019-06-11	Class A Common Stock	S	6201	$73.6581	Disposed	48147	Direct
2019-06-11	Class A Common Stock	S	500	$74.046	Disposed	47647	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-10	Stock Option (right to buy)	$5.80	M	40000	Disposed	2020-07-25	Class A Common Stock (40000)	Direct
2019-06-10	Stock Option (right to buy)	$5.80	M	32564	Disposed	2021-03-14	Class A Common Stock (32564)	Direct
2019-06-11	Stock Option (right to buy)	$5.80	M	77436	Disposed	2021-03-14	Class A Common Stock (77436)	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 $72.40 to $73.37. 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 $73.41 to $74.40. 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.42 to $75.36. 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.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.43 to $76.34. 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.

F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.44 to $77.41. 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.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.45 to $78.36. 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.

F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.9935. 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.

F9: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.00 to $71.92. 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.99. 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.

F11: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.01 to $74.00. 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.

F12: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.04 to $74.05. 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.

F13: The stock option is currently exercisable.