4//SEC Filing
DT GRAT LM, LLC 4
Accession 0001104659-20-102973
CIK 0001710583other
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 12:53 PM ET
Size
8.6 KB
Accession
0001104659-20-102973
Insider Transaction Report
Form 4
Switch, Inc.SWCH
DT GRAT LM, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2020-09-03−3,500,000→ 9,996,788 total - Other
Common Units
2020-09-03−3,500,000→ 9,996,788 total→ Class A Common Stock (3,500,000 underlying)
Holdings
- 200,000
Class A Common Stock
Footnotes (1)
- [F1]On September 3, 2020, the Reporting Person transferred to First St Switch LLC, a Nevada limited liability company, 3,500,000 common membership units in Switch, Ltd. ("Common Units"), and a corresponding number of shares of Class B Common Stock of the Issuer ("Class B Shares") (one Common Unit and one Class B Share, together, a "Unit Interest"), in exchange for $16.45 per Unit Interest. The Common Units are convertible (the "Right") into shares of Class A Common Stock of the Issuer ("Class A Shares") on a one-for-one basis or, at the election of the Issuer, cash equal to a volume weighted average market price of the Class A Shares. Upon exercise of the Right, one Class B Share, which confers only voting rights, is forfeited and cancelled, on a one-for-one basis, without consideration, for each Common Unit redeemed. The Common Units are redeemable at any time at the election of the holder thereof and have no expiration date.
Documents
Issuer
Switch, Inc.
CIK 0001710583
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001718931
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 12:53 PM ET
- Size
- 8.6 KB