Home > Insider Trading > Filing (0001719015-19-000010)

Filing Details

Accession Number:: 0001719015-19-000010
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-10-03 18:08:58
Reporting Period:: 2019-10-01

Accepted Time:: 2019-10-03 18:08:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1710583	Switch Inc.	SWCH	Services-Computer Programming, Data Processing, Etc. (7370)	821883953

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1718904	Balelo Holdings Llc	10889 Eden Ridge Ave Las Vegas NV 89135	No	No	Yes	No
1718910	L.p. Family Balelo	10889 Eden Ridge Ave Las Vegas NV 89135	No	No	Yes	No
1718911	Subtrust Irrevocable Family Balelo	10889 Eden Ridge Ave Las Vegas NV 89135	No	No	Yes	No
1719015	Gonsalves William Balelo	10889 Eden Ridge Ave Las Vegas NV 89135	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Common Stock	Disposition	2019-10-01	2,450,000	$15.39	2,863,000	No	4	S	Indirect	BY LLC
Class A Common Stock	Acquisiton	2019-10-01	770,000	$0.00	2,698,657	No	4	C	Indirect	BY LLC
Class B Common Stock	Disposition	2019-10-01	770,000	$0.00	2,093,000	No	4	J	Indirect	BY LLC
Class A Common Stock	Acquisiton	2019-10-01	113,750	$0.00	2,616,000	No	4	C	Indirect	BY TRUST
Class B Common Stock	Disposition	2019-10-01	113,750	$0.00	2,745,920	No	4	J	Indirect	BY TRUST

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	BY LLC
No	4	C	Indirect	BY LLC
No	4	J	Indirect	BY LLC
No	4	C	Indirect	BY TRUST
No	4	J	Indirect	BY TRUST

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	COMMON UNITS	Disposition	2019-10-01	770,000	$15.39	770,000	$15.39
Class A Common Stock	COMMON UNITS	Disposition	2019-10-01	113,500	$15.39	113,500	$15.39

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,093,000			No	4	C	Indirect
2,745,920			No	4	C	Indirect

Footnotes

The issuer purchased 2,450,000 Class B Common Stock shares from the reporting person at the price of $15.39 per share. Prices of securities reported in U.S. Dollars on a per share basis, not an aggregate basis. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
Held by Balelo Holdings LLC, as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. Mr. Balelo disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
The reporting person surrendered for redemption and conversion 770,000 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 the volume weighed average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
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.
The reporting person surrendered for redemption and conversion 113,500 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 the volume weighed average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
Held by Balelo Family Irrevocable Subtrust, as to which Mr. Balelo has the power to direct the sale or disposition of the shares held by the trust and the trust beneficiaries are Mr. Balelo and his immediate family members. Mr. Balelo disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.