0000899243-17-025880.txt : 20171109 0000899243-17-025880.hdr.sgml : 20171109 20171109195626 ACCESSION NUMBER: 0000899243-17-025880 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20171109 FILED AS OF DATE: 20171109 DATE AS OF CHANGE: 20171109 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bailey Brian D. CENTRAL INDEX KEY: 0001575505 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192480 MAIL ADDRESS: STREET 1: 712 FIFTH AVENUE STREET 2: 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Martin Kevin J CENTRAL INDEX KEY: 0001567046 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192479 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carmichael Bandwidth LLC CENTRAL INDEX KEY: 0001721937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192481 BUSINESS ADDRESS: STREET 1: C/O CARMICHAEL INVESTMENT PARTNERS, LLC STREET 2: 4725 PIEDMONT ROW DRIVE, SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: (704) 325-2255 MAIL ADDRESS: STREET 1: C/O CARMICHAEL INVESTMENT PARTNERS, LLC STREET 2: 4725 PIEDMONT ROW DRIVE, SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carmichael Partners LLC CENTRAL INDEX KEY: 0001722003 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192478 BUSINESS ADDRESS: STREET 1: C/O CARMICHAEL INVESTMENT PARTNERS, LLC STREET 2: 4725 PIEDMONT ROW DRIVE, SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: (704) 325-2255 MAIL ADDRESS: STREET 1: C/O CARMICHAEL INVESTMENT PARTNERS, LLC STREET 2: 4725 PIEDMONT ROW DRIVE, SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carmichael Investment Partners, LLC CENTRAL INDEX KEY: 0001513802 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192476 BUSINESS ADDRESS: STREET 1: 6000 FAIRVIEW ROAD STREET 2: SUITE 1200 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: 704-422-4008 MAIL ADDRESS: STREET 1: 6000 FAIRVIEW ROAD STREET 2: SUITE 1200 CITY: CHARLOTTE STATE: NC ZIP: 28210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carmichael Investment Partners II, LLC CENTRAL INDEX KEY: 0001562063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192475 BUSINESS ADDRESS: STREET 1: 4725 PIEDMONT ROW DRIVE STREET 2: SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: 704-442-4008 MAIL ADDRESS: STREET 1: 4725 PIEDMONT ROW DRIVE STREET 2: SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carmichael Investment Partners III, LLC CENTRAL INDEX KEY: 0001592580 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 171192477 BUSINESS ADDRESS: STREET 1: 4725 PIEDMONT ROW DRIVE STREET 2: SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: 704-442-4008 MAIL ADDRESS: STREET 1: 4725 PIEDMONT ROW DRIVE STREET 2: SUITE 210 CITY: CHARLOTTE STATE: NC ZIP: 28210 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bandwidth Inc. CENTRAL INDEX KEY: 0001514416 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 900 MAIN CAMPUS DRIVE CITY: RALEIGH STATE: NC ZIP: 27606 BUSINESS PHONE: 919-439-4171 MAIL ADDRESS: STREET 1: 900 MAIN CAMPUS DRIVE CITY: RALEIGH STATE: NC ZIP: 27606 FORMER COMPANY: FORMER CONFORMED NAME: Bandwidth.com, Inc. DATE OF NAME CHANGE: 20110303 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2017-11-09 0 0001514416 Bandwidth Inc. BAND 0001721937 Carmichael Bandwidth LLC C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 0001575505 Bailey Brian D. C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 1 0 1 0 0001567046 Martin Kevin J C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 0001722003 Carmichael Partners LLC C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 0001513802 Carmichael Investment Partners, LLC C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 0001562063 Carmichael Investment Partners II, LLC C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 0001592580 Carmichael Investment Partners III, LLC C/O CARMICHAEL INVESTMENT PARTNERS LLC 4725 PIEDMONT ROW DR, STE 210 CHARLOTTE NC 28210 0 0 1 0 Stock option (right to buy) 5.80 2020-08-20 Class A Common Stock 31250 I See footnote Class B Common Stock Class A Common Stock 2090311 I See footnotes Warrants 6.57 2018-01-19 Class B Common Stock 2027 I See footnotes The stock option is currently exercisable. Represents a stock option held directly by Kevin J. Martin. Pursuant to an agreement between Mr. Martin and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefits of such stock option. The shares of Class B common stock are convertible in to Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date. Consists of (i) 1,779,847 shares of Class B common stock held by Carmichael Investment Partners LLC ("CIP"), (ii) 178,572 shares of Class B common stock held by Carmichael Investment Partners II, LLC ("CIP II"), (iii) 123,142 shares of Class B common stock held by Carmichael Investment Partners III, LLC ("CIP III" and, together with CIP and CIP II, the "Carmichael Entities") and (iv) 8,750 shares of Class B common stock held by Carmichael Partners LLC. Carmichael Bandwidth LLC is the managing member of each of the Carmichael Entities. Brian D. Bailey and Kevin J. Martin are the managing partners of Carmichael Bandwidth LLC and Carmichael Partners LLC and share voting and dispositive power with respect to the shares held by the Carmichael Entities and Carmichael Partners LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. The warrants are currently exercisable. Consists of 2,027 warrants held by Carmichael Investment Partners LLC. Exhibit 24.1 - Power of Attorney for Kevin J. Martin. Exhibit 24.2 - Power of Attorney for Brian D. Bailey /s/ Brian D. Bailey 2017-11-09 /s/ Kevin J. Martin 2017-11-09 Carmichael Bandwidth LLC By: /s/ Brian D. Bailey, Manging Partner 2017-11-09 Carmichael Partners LLC By: /s/ Brian D. Bailey, Managing Partner 2017-11-09 Carmichael Investment Partners LLC, By: Carmichael Bandwidth LLC, its sole member, By: /s/ Brian D. Bailey, Managing Partner 2017-11-09 Carmichael Investment Partners II, LLC, By: Carmichael Bandwidth LLC, its sole member, By: /s/ Brian D. Bailey, Managing Partner 2017-11-09 Carmichael Investment Partners III, LLC, By: Carmichael Bandwidth LLC, its sole member, By: /s/ Brian D. Bailey, Managing Partner 2017-11-09 EX-24.1 2 attachment1.htm EX-24.1 DOCUMENT
                          SECTION 16 POWER OF ATTORNEY

With respect to holdings of and transactions in securities issued by Bandwidth
Inc. (the "Company"), the undersigned hereby constitutes and appoints the
officers of the Company listed on Schedule A attached hereto and as may be
amended from time to time, or any of them signing singly, with full power of
substitution and resubstitution, to act as the undersigned's true and lawful
attorney-in-fact to:

1.  execute for and on behalf of the undersigned, Forms 3, 4, and 5 in
    accordance with Section 16 of the Securities Exchange Act of 1934, as
    amended, and the rules thereunder;

2.  do and perform any and all acts for and on behalf of the undersigned which
    may be necessary or desirable to complete and execute any such Form 3, 4, or
    5, complete and execute any amendment or amendments thereto, and timely file
    such form with the United States Securities and Exchange Commission and any
    stock exchange or similar authority; and

3.  take any other action of any type whatsoever in connection with the
    foregoing which, in the opinion of such attorney-in-fact, may be of benefit
    to, in the best interest of, or legally required by, the undersigned, it
    being understood that the documents executed by such attorney-in-fact on
    behalf of the undersigned pursuant to this Power of Attorney shall be in
    such form and shall contain such terms and conditions as such attorney-in-
    fact may approve in the discretion of such attorney-in-fact.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution and
resubstitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall
lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers herein granted.

The undersigned acknowledges that the attorneys-in-fact, in serving in such
capacity at the request of the undersigned, are not assuming, nor is any Company
assuming, any of the undersigned's responsibilities to comply with Section 16 of
the Securities Exchange Act of 1934, as amended.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 9th day of November, 2017.

                                        /s/ Kevin J. Martin
                                        -------------------
                                        Kevin J. Martin


                                   Schedule A

Individuals Appointed as Attorney-in-Fact with Full Power of Substitution and
Resubstitution

1.  Jeffrey A. Hoffman          Chief Financial Officer
2.  W. Christopher Matton       General Counsel

EX-24.2 3 attachment2.htm EX-24.2 DOCUMENT
                          SECTION 16 POWER OF ATTORNEY

With respect to holdings of and transactions in securities issued by Bandwidth
Inc. (the "Company"), the undersigned hereby constitutes and appoints the
officers of the Company listed on Schedule A attached hereto and as may be
amended from time to time, or any of them signing singly, with full power of
substitution and resubstitution, to act as the undersigned's true and lawful
attorney-in-fact to:

4.  execute for and on behalf of the undersigned, Forms 3, 4, and 5 in
    accordance with Section 16 of the Securities Exchange Act of 1934, as
    amended, and the rules thereunder;

5.  do and perform any and all acts for and on behalf of the undersigned which
    may be necessary or desirable to complete and execute any such Form 3, 4, or
    5, complete and execute any amendment or amendments thereto, and timely file
    such form with the United States Securities and Exchange Commission and any
    stock exchange or similar authority; and

6.  take any other action of any type whatsoever in connection with the
    foregoing which, in the opinion of such attorney-in-fact, may be of benefit
    to, in the best interest of, or legally required by, the undersigned, it
    being understood that the documents executed by such attorney-in-fact on
    behalf of the undersigned pursuant to this Power of Attorney shall be in
    such form and shall contain such terms and conditions as such attorney-in-
    fact may approve in the discretion of such attorney-in-fact.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution and
resubstitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-facts substitute or substitutes, shall
lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers herein granted.

The undersigned acknowledges that the attorneys-in-fact, in serving in such
capacity at the request of the undersigned, are not assuming, nor is any Company
assuming, any of the undersigned's responsibilities to comply with Section 16 of
the Securities Exchange Act of 1934, as amended.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 9th day of November, 2017.

                                        /s/ Brian D. Bailey
                                        -------------------
                                        Brian D. Bailey


                                   Schedule A

Individuals Appointed as Attorney-in-Fact with Full Power of
Substitution and Resubstitution

1.  Jeffrey A. Hoffman          Chief Financial Officer
2.  W. Christopher Matton       General Counsel