Bowen Susan 4
4 · Bandwidth Inc. · Filed Feb 22, 2018
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Bowen Susan
10% Owner
Transactions
- Exercise of In-Money
Class B Common Stock
2018-02-20+4,919→ 1,100,094 total→ Class A Common Stock (4,919 underlying) - Exercise of In-Money
Warrants
2018-02-20−4,919→ 0 totalExercise: $5.80Exp: 2018-02-22→ Class B Common Stock (4,919 underlying) - Sale
Class B Common Stock
2018-02-20−1,194→ 1,098,900 total→ Class A Common Stock (1,194 underlying)
Footnotes (4)
- [F1]Due to a calculation error, the Reporting Person's Form 3 filed on November 9, 2017 overreported the number of Warrants held by the Reporting Person by 1 Warrant.
- [F2]The Warrants are currently exercisable.
- [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]On February 20, 2018, the reporting person exercised a warrant to purchase 4,919 shares of the Issuer's Class B Common Stock for $5.80 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1,194 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 3,725 shares.