Bandwidth Inc. — Director's Dealing 2019

Mar 14, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2019-03-12

Reporting Person: Morken David A. (Director, Chairman & CEO, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-12	Call Option (obligation to sell)	$5.80	X	34505	Disposed	2020-11-10	Class B Common Stock (34505)	Direct
2019-03-12	Class B Common Stock	$	X	34505	Disposed		Class A Common Stock (34505)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (250000)	250000	Indirect

Footnotes

F1: The stock option is currently exercisable.

F2: John Murdock acquired the option to purchase 34,505 shares of Class B common stock from the reporting person as partial consideration for Mr. Murdock's entry into a commercial agreement with the reporting person.

F3: The shares of Class B common stock are convertible in to Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.

F4: The disposition of these shares in connection with the exercise of the option disclosed herein, was made in accordance with the the terms of the lock-up letter agreement executed by the reporting person on March 11, 2019.

F5: Represents shares held by the Chrishelle Dawn Morken Irrevocable GST Trust, of which the reporting person is the trustee.