4//SEC Filing
Carmichael Bandwidth LLC 4
Accession 0000899243-19-000104
CIK 0001514416other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 4:05 PM ET
Size
19.3 KB
Accession
0000899243-19-000104
Insider Transaction Report
Form 4
Bandwidth Inc.BAND
Carmichael Bandwidth LLC
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes) - Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying)
Bailey Brian D.
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes) - Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying)
Carmichael Investment Partners, LLC
10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying) - Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes)
Transactions
- Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes) - Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying)
Martin Kevin J
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes) - Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying)
Carmichael Partners LLC
10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying) - Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes)
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-12-31−822→ 0 total(indirect: See footnotes)→ Class A Common Stock (822 underlying) - Exercise/Conversion
Class A Common Stock
2018-12-31+822→ 306,997 total(indirect: See footnotes)
Footnotes (6)
- [F1]Consists of (i) 1,517 shares of Class A Common Stock held by Carmichael Investment Partners, LLC ("CIP"), (ii) 908 shares of Class A Common Stock held by Carmichael Investment Partners II, LLC ("CIP II"), (iii) 608 shares of Class A Common Stock held by Carmichael Investment Partners III, LLC ("CIP III" and, together with CIP and CIP II, the "Carmichael Entities"), (iv) 297,147 shares of Class A Common Stock held directly by Carmichael Bandwidth, LLC, (v) 5,242 shares of Class A Common Stock held directly by Brian D. Bailey and (vi) 1,575 shares of Class A Common Stock held directly by Kevin J. Martin.
- [F2]Pursuant to an agreement between Mr. Bailey and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefit with respect to 2,845 shares held by Mr. Bailey.
- [F3]Carmichael Bandwidth LLC is the managing member of each of 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.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F5]On January 24, 2018, the Reporting Person was granted 3,288 Restricted Stock Units which vest in four equal quarterly installments beginning on March 31, 2018.
- [F6]Represents Restricted Stock Units held directly by Brian D. Bailey.
Documents
Issuer
Bandwidth Inc.
CIK 0001514416
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001721937
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 4:05 PM ET
- Size
- 19.3 KB