Bandwidth Inc. — Director's Dealing 2020

Apr 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2020-04-15

Reporting Person: Murdock John C. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-15	Class A Common Stock	M	130000	$5.80	Acquired	179592	Direct
2020-04-15	Class A Common Stock	S	18814	$72.941	Disposed	160778	Direct
2020-04-15	Class A Common Stock	S	7957	$74.0547	Disposed	152821	Direct
2020-04-15	Class A Common Stock	S	28976	$75.103	Disposed	123845	Direct
2020-04-15	Class A Common Stock	S	13762	$75.7692	Disposed	110083	Direct
2020-04-16	Class A Common Stock	M	60000	$5.80	Acquired	170083	Direct
2020-04-16	Class A Common Stock	S	2101	$72.4604	Disposed	167982	Direct
2020-04-16	Class A Common Stock	S	1501	$73.2003	Disposed	166481	Direct
2020-04-16	Class A Common Stock	S	1099	$74.2146	Disposed	165382	Direct
2020-04-16	Class A Common Stock	S	3199	$75.5981	Disposed	162183	Direct
2020-04-16	Class A Common Stock	S	10026	$76.5542	Disposed	152157	Direct
2020-04-16	Class A Common Stock	S	9268	$77.9857	Disposed	142889	Direct
2020-04-16	Class A Common Stock	S	1842	$78.7092	Disposed	141047	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-15	Stock option (right to buy)	$5.8	M	130000	Disposed	2021-03-14	Class A Common Stock (130000.0)	Direct
2020-04-16	Stock option (right to buy)	$5.8	M	60000	Disposed	2021-03-14	Class A Common Stock (60000.0)	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 $72.51 to $73.44. 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 $73.52 to $74.46. 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 $74.52 to $75.51. 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 $75.52 to $76.45. 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 $71.82 to $72.80. 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 $72.82 to $73.76. 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 $74.06 to $74.61. 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 $75.06 to $76.05. 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.

F10: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.06 to $77.01. 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 $77.36 to $78.18. 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 $78.42 to $78.85. 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.