Carmichael Bandwidth LLC 4
4 · Bandwidth Inc. · Filed Jun 13, 2018
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Carmichael Bandwidth LLC
10% Owner
Transactions
- Sale
Class A Common Stock
2018-06-11$38.50/sh−593,000$22,830,500→ 1,191,650 total(indirect: See footnotes)
Footnotes (3)
- [F1]Consists of 1,188,874 shares of Class A Common Stock held by Carmichael Investment Partners LLC ("CIP") and 2,776 shares of Class A Common Stock held directly by Brian D. Bailey.
- [F2]Pursuant to an agreement between Mr. Bailey and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefits of the shares held by Mr. Bailey.
- [F3]Carmichael Bandwidth LLC is the managing member of each of Carmichael Investment Partners II, LLC ("CIP II"), Carmichael Investment Partners III, LLC ("CIP III" and, together with CIP and CIP II, the "Carmichael Entities.) Brian D. Bailey and Kevin J. Martin are the managing partners of Carmichael Bandwidth LLC and Carmichael Partners LLC and share voting and dispositive power with respect to the shares held by the Carmichael Entities and Carmichael Partners LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or their pecuniary interest therein.