INTEL CAPITAL CORP 4
4 · Switch, Inc. · Filed Aug 20, 2018
Insider Transaction Report
Form 4
Switch, Inc.SWCH
INTEL CAPITAL CORP
10% Owner
Transactions
- Other
Class B Common Stock
2018-08-17−6,055,110→ 0 total - Sale
Common Units
2018-08-17−6,055,110→ 0 total→ Class A Common Stock (6,055,110 underlying)
Footnotes (2)
- [F1]The reporting person sold 6,055,110 common membership units in Switch, Ltd. ("Common Units") for a price of $10.543 per unit. 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 sale of the Common Units, 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 Common Unit sold. The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.