0000899243-21-000535.txt : 20210105
0000899243-21-000535.hdr.sgml : 20210105
20210105203126
ACCESSION NUMBER: 0000899243-21-000535
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201231
FILED AS OF DATE: 20210105
DATE AS OF CHANGE: 20210105
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Morken David A.
CENTRAL INDEX KEY: 0001721962
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38285
FILM NUMBER: 21508567
MAIL ADDRESS:
STREET 1: C/O BANDWIDTH INC.
STREET 2: 900 MAIN CAMPUS DRIVE
CITY: RALEIGH
STATE: NC
ZIP: 27606
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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-12-31
0
0001514416
Bandwidth Inc.
BAND
0001721962
Morken David A.
C/O BANDWIDTH INC.
900 MAIN CAMPUS DRIVE, SUITE 100
RALEIGH
NC
27606
1
1
1
0
Chairman & CEO
Class A Common Stock
2020-12-31
4
M
0
1576
0.00
A
2403
D
Class A Common Stock
2021-01-02
4
M
0
7053
0.00
A
9456
D
Class A Common Stock
2021-01-04
4
S
0
465
158.1507
D
8991
D
Class A Common Stock
2021-01-04
4
C
0
38840
A
47831
D
Class A Common Stock
2021-01-04
4
S
0
1690
153.7925
D
46141
D
Class A Common Stock
2021-01-04
4
S
0
2200
154.5183
D
43941
D
Class A Common Stock
2021-01-04
4
S
0
1000
156.364
D
42941
D
Class A Common Stock
2021-01-04
4
S
0
9660
157.5218
D
33281
D
Class A Common Stock
2021-01-04
4
S
0
15198
158.2787
D
18083
D
Class A Common Stock
2021-01-04
4
S
0
6186
159.362
D
11897
D
Class A Common Stock
2021-01-04
4
S
0
2906
160.1679
D
8991
D
Restricted Stock Units
2020-12-31
4
M
0
1576
0.00
D
Class A Common Stock
1576
6306
D
Restricted Stock Units
2021-01-02
4
M
0
4633
0.00
D
Class A Common Stock
4633
13897
D
Restricted Stock Units
2021-01-02
4
M
0
2420
0.00
D
Class A Common Stock
2420
4841
D
Restricted Stock Units
2021-01-02
4
A
0
6126
0.00
A
Class A Common Stock
6126
6126
D
Restricted Stock Units
2021-01-02
4
A
0
10143
0.00
A
Class A Common Stock
10143
10143
D
Class B Common Stock
2021-01-04
4
C
0
38840
0.00
D
Class A Common Stock
38840
1986805
D
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $153.11 to $153.88. 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.12 to $154.82. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.75 to $156.63. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.97 to $157.955. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.97 to $158.91. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.98 to $159.96. The reporting person undertakes to provide 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.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $159.98 to $160.53. The reporting person undertakes to provide 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.
Each Restricted Stock Unit represents a contingent right to receive one share of the Company's Class A Common Stock.
On January 2, 2020, the Reporting Person was granted 12,613 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2020, and the remainder vest in three equal annual installments beginning on January 2, 2022.
On January 2, 2020, the Reporting Person was granted 18,530 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021.
On January 2, 2019, the Reporting Person was granted 14,521 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2019, and the remainder vest in three equal annual installments beginning on January 2, 2021.
On January 2, 2021, the Reporting Person was granted 6,126 Restricted Stock Units, half of which vest in four equal quarterly installments beginning on March 31, 2021, and the remainder vest in three equal annual installments beginning on January 2, 2023.
On January 2, 2021, the Reporting Person was granted 10,143 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022.
/s/ W. Christopher Matton, Attorney-in-Fact for David A. Morken
2021-01-05