4//SEC Filing
SNYDER DONALD D 4
Accession 0001593968-22-001703
CIK 0001710583other
Filed
Dec 7, 7:00 PM ET
Accepted
Dec 8, 4:26 PM ET
Size
13.1 KB
Accession
0001593968-22-001703
Insider Transaction Report
Form 4
Switch, Inc.SWCH
SNYDER DONALD D
Director
Transactions
- Disposition to Issuer
Class B Common Stock
2022-12-06−400,000→ 0 total(indirect: By LLC) - Disposition to Issuer
Option (Right to Buy)
2022-12-06$34.25/sh−99,438$3,405,752→ 0 totalExercise: $17.00From: 2017-10-05Exp: 2027-10-05→ Class A Common Stock (99,438 underlying) - Disposition to Issuer
Class A Common Stock
2022-12-06$34.25/sh−271,038$9,283,052→ 0 total - Disposition to Issuer
Class A Common Stock
2022-12-06$34.25/sh−200,000$6,850,000→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Units
2022-12-06$34.25/sh−400,000$13,700,000→ 0 total(indirect: By LLC)From: 2022-12-06→ Class A Common Stock (400,000 underlying)
Footnotes (3)
- [F1]Represents the cancellation of securities, including equity awards, in exchange for the per share cash Merger consideration of $34.25, on the Merger closing date, in accordance with the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated May 11, 2022, by and among Switch, Inc. (the "Company"), Switch, Ltd., a Nevada limited liability company, Sunshine Merger Sub, Ltd., a Nevada limited liability company and a direct and wholly owned subsidiary of the Company, Sunshine Bidco Inc., a Delaware corporation ("Parent"), and Sunshine Parent Merger Sub Inc., a Nevada corporation and a wholly owned subsidiary of Parent.
- [F2]Represents the cancellation of the Common Units in exchange for the per share cash Merger consideration of $34.25, and the associated cancellation for no consideration of the shares of Class B common stock, on the Merger closing date in accordance with the terms of the Merger Agreement. The Common Units have no expiration date.
- [F3]Held by an affiliated company of Mr. Snyder.
Documents
Issuer
Switch, Inc.
CIK 0001710583
Entity typeother
Related Parties
1- filerCIK 0001186752
Filing Metadata
- Form type
- 4
- Filed
- Dec 7, 7:00 PM ET
- Accepted
- Dec 8, 4:26 PM ET
- Size
- 13.1 KB