Bandwidth Inc. — Director's Dealing 2020

Mar 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bandwidth Inc. (BAND)
CIK: 0001514416
Period of Report: 2020-01-02

Reporting Person: Allen Noreen (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-21	Class A Common Stock	M	3463	—	Acquired	10964	Direct
2020-02-21	Class A Common Stock	F	1024	$76.75	Disposed	9940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-02	Restricted Stock Units	$	A	6109	Acquired		Class A Common Stock (6109.0)	Direct
2020-02-21	Restricted Stock Units	$	M	3463	Disposed		Class A Common Stock (3463.0)	Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.

F2: On January 2, 2020, the Reporting Person was granted 6,109 Restricted Stock Units which vest as to half the shares in four quarterly installments in the first year, beginning on March 31, 2020, and as to the remainder of shares in three equal annual installments beginning on January 2, 2022.

F3: On February 21, 2018, the Reporting Person was granted 13,852 Restricted Stock Units which vest in four equal annual installments beginning on February 21, 2019.