0001514416-21-000012.txt : 20210105 0001514416-21-000012.hdr.sgml : 20210105 20210105192803 ACCESSION NUMBER: 0001514416-21-000012 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: Hoffman Jeffrey A. CENTRAL INDEX KEY: 0001721896 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38285 FILM NUMBER: 21508253 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 wf-form4_160989286787423.xml FORM 4 X0306 4 2020-12-31 0 0001514416 Bandwidth Inc. BAND 0001721896 Hoffman Jeffrey A. C/O BANDWIDTH INC. 900 MAIN CAMPUS DRIVE, SUITE 100 RALEIGH NC 27606 0 1 0 0 Chief Financial Officer Class A Common Stock 2020-12-31 4 M 0 1224 0 A 8787 D Class A Common Stock 2021-01-02 4 M 0 3602 0 A 12389 D Class A Common Stock 2021-01-04 4 S 0 358 156.4831 D 12031 D Class A Common Stock 2021-01-05 4 S 0 444 155.4498 D 11587 D Class A Common Stock 2021-01-05 4 S 0 235 156.6084 D 11352 D Class A Common Stock 2021-01-05 4 S 0 235 157.9137 D 11117 D Class A Common Stock 2021-01-05 4 S 0 188 158.878 D 10929 D Restricted Stock Units 2020-12-31 4 M 0 1224 0 D Class A Common Stock 1224.0 4897 D Restricted Stock Units 2021-01-02 4 M 0 1942 0 D Class A Common Stock 1942.0 3885 D Restricted Stock Units 2021-01-02 4 M 0 729 0 D Class A Common Stock 729.0 1455 D Restricted Stock Units 2021-01-02 4 M 0 931 0 D Class A Common Stock 931.0 2791 D Restricted Stock Units 2021-01-02 4 A 0 4216 0 A Class A Common Stock 4216.0 4216 D Restricted Stock Units 2021-01-02 4 A 0 1602 0 A Class A Common Stock 1602.0 1602 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.01 to $155.73. 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 $156.02 to $157.00. 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 $157.55 to $158.13. 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 $158.70 to $159.23. 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 9,794 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2020. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2022. On January 2, 2019, the Reporting Person was granted 11,654 Restricted Stock Units. One half of the Restricted Stock Units vest in four equal quarterly installments beginning on March 31, 2019. The remaining Restricted Stock Units vest in three equal annual installments beginning on January 2, 2020. On January 2, 2019, the Reporting Person was granted 2,913 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2020. On January 2, 2020, the Reporting Person was granted 3,722 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2021. On January 2, 2021, the Reporting Person was granted 4,216 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 1,602 Restricted Stock Units, which vest in four equal annual installments beginning on January 2, 2022. /s/ W. Christopher Matton, Attorney-in-Fact for Jeffrey A. Hoffman 2021-01-05