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Filing Details

Accession Number:: 0000899243-19-007693
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-03-14 16:15:19
Reporting Period:: 2019-03-12

Accepted Time:: 2019-03-14 16:15:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1514416	Bandwidth Inc.	BAND	Services-Prepackaged Software (7372)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1721985	C. John Murdock	C/O Bandwidth Inc. 900 Main Campus Drive, Suite 500 Raleigh NC 27606		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2019-03-12	34,505	$0.00	55,860	No	4	C	Direct
Class A Common Stock	Disposition	2019-03-13	12,390	$65.94	43,470	No	4	S	Direct
Class A Common Stock	Disposition	2019-03-13	900	$66.91	42,570	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Stock Option (right to buy)	Disposition	2019-03-12	34,505	$0.00	34,505	$5.80
Class A Common Stock	Class B Common Stock	Acquisiton	2019-03-12	34,505	$0.00	34,505	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2019-03-12	34,505	$0.00	34,505	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2020-11-10	No	4	X	Direct
126,887		No	4	X	Direct
92,382		No	4	C	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00			52,409	52,409	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	52,409	52,409	Indirect

Footnotes

In accordance with the terms of the lock-up letter agreement (the "Lock-Up Agreement") executed by the reporting person on March 11, 2019, certain of theClass A shares acquired in connection with the exercise of the option disclosed herein remain subject to transfer restrictions as described in the Lock-UpAgreement.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.42 to $66.33. The reporting person undertakes to provide Bandwidth Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.70 to $67.12. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The stock option is currently exercisable.
The reporting person acquired the option to purchase 34,505 shares of Class B common stock from David Morken as partial consideration for the reporting person's entry into a commercial agreement with Mr. Morken.
The shares of Class B common stock are convertible in to Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.