Filing Details
- Accession Number:
- 0001719015-20-000003
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2020-01-21 12:17:06
- Reporting Period:
- 2019-10-01
- Accepted Time:
- 2020-01-21 12:17:06
- Original Submission Date:
- 2019-10-01
- 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 | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1718904 | Balelo Holdings Llc | 10889 Eden Ridge Ave Las Vegas NV 89135 | No | No | No | Yes | |
| 1719015 | Gonsalves William Balelo | 10889 Eden Ridge Ave Las Vegas NV 89135 | No | No | No | Yes |
Reported Non-Derivative Transactions
| 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 | 2,790,243 | 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 |
| 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 |
Reported Derivative Transactions
| 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 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,093,000 | 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 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.
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