INTEL CAPITAL CORP 4
4 · Switch, Inc. · Filed May 22, 2018
Insider Transaction Report
Form 4
Switch, Inc.SWCH
INTEL CAPITAL CORP
10% Owner
Transactions
- Conversion
Class A Common Stock
2018-05-18+3,027,555→ 3,027,555 total - Other
Class B Common Stock
2018-05-18−3,027,555→ 6,055,110 total - Conversion
Common Units
2018-05-18−3,027,555→ 6,055,110 total→ Class A Common Stock (3,027,555 underlying)
Footnotes (2)
- [F1]The reporting person surrendered for redemption and conversion 3,027,555 common membership units in Switch, Ltd. ("Common Units") on a one-for-one basis for Issuer's Class A Common Stock. The Common Units are redeemable on a one-for-one basis for shares of Class A Common Stock or, at the election of the Issuer, cash equal to a volume weighted average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
- [F2]Upon the redemption and conversion of the Common Units into Class A Common Stock, one share of Issuer's Class B Common Stock held by the reporting person was forfeited and cancelled, without consideration, on a one-for-one basis for each share of Class A Common Stock acquired. The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.