Filing Details

Accession Number:
0001514416-20-000013
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-01-03 16:37:44
Reporting Period:
2019-12-31
Accepted Time:
2020-01-03 16:37:44
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
1721921 Christopher W. Matton C/O Bandwidth Inc.
900 Main Campus Drive, Suite 100
Raleigh NC 27606
General Counsel No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2019-12-31 1,103 $0.00 5,739 No 4 M Direct
Class A Common Stock Disposition 2020-01-02 500 $63.82 5,239 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2019-12-31 1,103 $0.00 1,103 $0.00
Class A Common Stock Restricted Stock Units Acquisiton 2020-01-02 7,420 $0.00 7,420 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,414 No 4 M Direct
7,420 No 4 A Direct
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
  2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.55 to $64.11. 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.
  3. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
  4. On January 2, 2019, the Reporting Person was granted 8,829 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2019. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2021.
  5. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2020. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2022.