Home > Insider Trading > Filing (0001415889-21-004834)

Filing Details

Accession Number:: 0001415889-21-004834
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-10-12 19:38:01
Reporting Period:: 2021-10-07

Accepted Time:: 2021-10-12 19:38:01
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
1844070	Stella Roy	C/O Sklar Williams Pllc 410 South Rampart Blvd., Suite 350 Las Vegas NV 89145		No	No	No	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
Class B Common Stock	Disposition	2021-10-07	2,000,000	$0.00	1,750,000	No	4	J	Direct
Class A Common Stock	Acquisiton	2021-10-07	2,000,000	$0.00	2,102,120	No	4	C	Direct
Class A Common Stock	Disposition	2021-10-07	200,000	$25.62	1,902,120	No	4	S	Direct
Class A Common Stock	Disposition	2021-10-08	100,000	$24.95	1,802,120	No	4	S	Direct
Class A Common Stock	Disposition	2021-10-11	131,679	$24.65	1,670,441	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-10-11	25	$24.59	1,670,466	No	4	A	Direct
Class A Common Stock	Disposition	2021-10-11	316	$24.59	1,670,150	No	4	F	Direct
Class A Common Stock	Disposition	2021-10-12	68,321	$24.58	1,601,829	No	4	S	Direct

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

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	2021-10-07	2,000,000	$0.00	2,000,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,750,000			No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class B Common Stock	11,802,108	Indirect	By revocable grantor trust

Reported Derivative Holdings

Show Other Fields >>

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Common Units	$0.00			11,802,108	11,802,108	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	11,802,108	11,802,108	Indirect

Footnotes

Represents the forfeiture and cancellation of one share of Class B common stock for each share of Class A common stock acquired upon (a) the redemption and conversion of membership units in Switch, Ltd. ("Common Units") into Class A common stock, on a one-for-one basis pursuant to the Amended and Restated Certificate of Incorporation of the Issuer. The shares of Class B common stock (i) confer only voting rights (one vote per share) and do not confer any incidents of economic ownership to the holders thereof; and (ii) are forfeited and cancelled, on a one-for-one basis, without consideration, upon the redemption of Common Units for shares of Class A common stock, or cash, at the Issuer's election. See Footnote 3.(2) 13,552,108 Common Units and associated shares of Class B common stock are currently vested with187,500 Common Units and associated shares of Class B common stock will vest on October 11, 2021.
13,552,108 Common Units and associated shares of Class B common stock are currently vested with187,500 Common Units and associated shares of Class B common stock will vest on October 11, 2021.
Represents the redemption and conversion of Common Units on a one-for-one basis for shares of Class A Common Stock.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $25.455 to $25.94 per share. The Reporting Person undertakes to provide to the Issuer, and undertakes to provide to the Commission staff or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $24.75 to $25.47 per share. The Reporting Person undertakes to provide to the Issuer, and undertakes to provide to the Commission staff or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $24.50 to $24.77 per share. The Reporting Person undertakes to provide to the Issuer, and undertakes to provide to the Commission staff or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Represents shares of Class A Common Stock delivered in settlement of dividend equivalent rights awarded in connection with restricted stock units owned by the Reporting Person (previously reported) that accrue in cash and are settled in shares, proportionately, upon the vesting of the restricted stock units.
Represents shares withheld to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
The price reported in Column 4 is a weighted average price for shares sold in multiple transactions. The sale prices range from $24.37 to $24.795 per share. The Reporting Person undertakes to provide to the Issuer, and undertakes to provide to the Commission staff or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
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 a volume weighted average market price of a shares of Class A common stock. The Common Units have no expiration date. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed.