Filing Details
- Accession Number:
- 0001593968-20-000991
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-04-03 18:10:36
- Reporting Period:
- 2020-04-01
- Accepted Time:
- 2020-04-03 18:10:36
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1710583 | Switch Inc. | SWCH | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1446273 | A Thomas Thomas | C/O Switch, Inc. 7135 South Decatur Boulevard Las Vegas NV 89118 | No | No | 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 B Common Stock | Disposition | 2020-04-02 | 1,000,000 | $0.00 | 8,250,000 | No | 4 | D | Direct | |
| Class A Common Stock | Disposition | 2020-04-01 | 30,000 | $13.95 | 834,135 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2020-04-02 | 1,000,000 | $0.00 | 1,834,135 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | D | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Common Units | Disposition | 2020-04-02 | 1,000,000 | $0.00 | 1,000,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,250,000 | No | 4 | M | Direct |
Footnotes
- Represents shares of Class B Common Stock of the Issuer owned by the reporting person that were, pursuant to the Amended and Restated Articles of Incorporation (the "Articles") of the Issuer, forfeited and cancelled for no consideration upon redemption and conversion of an equal number of common membership units (the "Common Units") of Switch, Ltd. (the "LLC"). The Class B Common Stock only confers voting rights (one vote per share) and does not confer economic rights.
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 22, 2019.
- The price reported in Column 4 is a weighted average price. The shares were sold in multiple trades at prices ranging from $13.760 to $14.205, inclusive. The reporting person undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.
- The reporting person surrendered for redemption and conversion Common Units of the LLC into an equal number of number of shares of the Issuer's Class A Common Stock pursuant to the Articles of the Issuer and the Fifth Amended and Restated Operating Agreement of the LLC. The Common Units have no expiration date.
Billionaire Hedge Funds
