4//SEC Filing
Gragson Scott Russell 4
Accession 0001144204-19-017998
CIK 0001710583other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:02 PM ET
Size
11.8 KB
Accession
0001144204-19-017998
Insider Transaction Report
Form 4
Switch, Inc.SWCH
Gragson Scott Russell
10% Owner
Transactions
- Other
Class B Common Stock
2019-04-01−7,331,538→ 0 total(indirect: By LLC) - Conversion
Class A Common Stock
2019-04-01+7,331,538→ 7,996,231 total(indirect: By LLC) - Conversion
Common Units
2019-04-01−7,331,538→ 0 total(indirect: By LLC)→ Class A Common Stock (7,331,538 underlying)
Gragson Data SS LLC
10% Owner
Transactions
- Other
Class B Common Stock
2019-04-01−7,331,538→ 0 total(indirect: By LLC) - Conversion
Class A Common Stock
2019-04-01+7,331,538→ 7,996,231 total(indirect: By LLC) - Conversion
Common Units
2019-04-01−7,331,538→ 0 total(indirect: By LLC)→ Class A Common Stock (7,331,538 underlying)
Footnotes (3)
- [F1]The reporting person surrendered for redemption and conversion 7,331,538 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.
- [F3]Held by Gragson Data SS, LLC, as to which Mr. Gragson is the manager of the LLC and has voting and dispositive power of the shares, subject to a voting agreement in favor of the pledgee of the shares. Mr. Gragson disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
Documents
Issuer
Switch, Inc.
CIK 0001710583
Entity typeother
Related Parties
1- filerCIK 0001719002
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:02 PM ET
- Size
- 11.8 KB