0001710583-18-000013.txt : 20180214 0001710583-18-000013.hdr.sgml : 20180214 20180213173141 ACCESSION NUMBER: 0001710583-18-000013 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180214 DATE AS OF CHANGE: 20180213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Switch, Inc. CENTRAL INDEX KEY: 0001710583 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 821883953 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90172 FILM NUMBER: 18605159 BUSINESS ADDRESS: STREET 1: 7135 SOUTH DECATUR BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: (702) 444-4111 MAIL ADDRESS: STREET 1: 7135 SOUTH DECATUR BOULEVARD CITY: LAS VEGAS STATE: NV ZIP: 89118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Goldsmith Karen Mack CENTRAL INDEX KEY: 0001730266 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 2300 WEST SAHARA AVENUE, SUITE 530 CITY: LAS VEGAS STATE: NV ZIP: 89102 SC 13G 1 schedule13g-mack.htm SC 13G Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. __)*
___________________________

Switch, Inc.
(Name of Issuer)

___________________________

Class A Common Stock, $0.001 par value per share
(Title of class of securities)

87105L104
(CUSIP number)

December 31, 2017
(Date of event which requires filing of this statement)

___________________________

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨    Rule 13d-1(b)

¨    Rule 13d-1(c)

ý    Rule 13d-1(d)

*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




US-DOCS\98530395.3

CUSIP No. 87105L104
SCHEDULE 13G
Page 2 of 7 Pages


1.
Name of Reporting Person:
Karen Mack Goldsmith
2.
Check the Appropriate Box if a Member of Group (See Instructions):
(a) ¨
(b) ¨      
3.
SEC Use Only:
4.
Citizenship or Place of Organization:
   United States
Number of Shares Beneficially Owned By Each Reporting Person With:
5. Sole Voting Power: 
      2,161,000 (1) (2)
6. Shared Voting Power:  
      643,000 (1) (3)
7. Sole Dispositive Power: 
      2,161,000 (1) (2)
8. Shared Dispositive Power:  
      643,000 (1) (3)
9.
Aggregate Amount Beneficially Owned by Each Reporting Person:
   2,804,000 (1)
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
 
11.
Percent of Class Represented By Amount In Row (9):
   7.25% (4)
 
12.
Type of Reporting Person:
   IN
 
  
(1)
Except as set forth below, represents Common Units and associated Class B common stock of the Issuer. 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 share of Class A common stock. The Common Units have no expiration date. One share of the Issuer's Class B common stock was issued for each Common Unit. 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.
(2)
Includes (i) 30,000 shares of Class A common stock, and (ii) 686,000 Common Units and associated Class B common stock of the Issuer held by the Nate Mack LLC, of which Ms. Goldsmith has sole voting and dispositive control over. Ms. Goldsmith disclaims beneficial interest in the securities held by Nate Mack LLC, except to the extent of her pecuniary interest therein.
(3)
Includes (i) 613,000 Common Units and associated Class B common stock held by the Grove Trust II (Mack Family), and (ii) 30,000 Class A shares held by B.A Quintet LLC. Ms. Goldsmith and Russell Goldsmith share voting and dispositive power over these securities. Ms. Goldsmith disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein.
(4)
Based upon 35,937,500 shares of the Issuer’s Class A common stock outstanding as of November 10, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission




US-DOCS\98530395.4

CUSIP No. 87105L104
SCHEDULE 13G
Page 3 of 7 Pages


on November 14, 2017 and the Common Units deemed beneficially owned by the Reporting Person. The total securities currently deemed beneficially owned by Ms. Goldsmith represent less than 1% of the total voting power of the issuer.






US-DOCS\98530395.4

CUSIP No. 87105L104
SCHEDULE 13G
Page 4 of 7 Pages


Item 1.
(a)    Name of Issuer:

Switch, Inc.

(a)
Address of Issuer's Principal Executive Offices:

7135 S. Decatur Boulevard
Las Vegas, NV 89118

Item 2.
(a)    Name of Person Filing:

Karen Mack Goldsmith

(a)
Address or Principal Business Office or, if none, Residence:

2300 West Sahara Ave.
Suite 530
Las Vegas, NV 89102

(b)
Citizenship or Place of Organization:

United States

(c)
Title of Class of Securities:

Class A common stock, $0.001 par value per share

(d)
CUSIP Number:

87105L104

Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

Item 4.
Ownership:




US-DOCS\98530395.3

CUSIP No. 87105L104
SCHEDULE 13G
Page 5 of 7 Pages



Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)
Amount beneficially owned:
2,804,000

(1)
(b)
Percent of class:
7.25
%
(4)
(c)
Number of shares as to which such person has:
 
 
 
(i) Sole power to vote or to direct the vote:
2,161,000

(2)
 
(ii) Shared power to vote or to direct the vote:
643,000

(3)
 
(iii) Sole power to dispose or to direct the disposition of:
2,161,000

(2)
 
(iv) Shared power to dispose or to direct the disposition of:
643,000

(3)
 
(1)
Except to the extent noted, represents Common Units and associated Class B common stock of the Issuer. 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 share of Class A common stock. The Common Units have no expiration date. One share of the Issuer's Class B common stock was issued for each Common Unit. 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.
(2)
Includes (i) 30,000 shares of Class A common stock, and (ii) 686,000 Common Units and associated Class B common stock held by the Nate Mack LLC, of which Ms. Goldsmith has sole voting and dispositive control over. Ms. Goldsmith disclaims beneficial interest in the securities held by Nate Mack LLC, except to the extent of her pecuniary interest therein.
(3)
Includes (i) 613,000 Common Units and associated Class B common stock held by the Grove Trust II (Mack Family), and (ii) 30,000 Class A shares held by B.A Quintet LLC.Ms. Goldsmith and Russell Goldsmith share voting and dispositive power over these securities. Ms. Goldsmith disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein.
(4)
Based upon 35,937,500 shares of the Issuer’s Class A common stock outstanding as of November 10, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017 and the Common Units deemed beneficially owned by the Reporting Person. The total securities currently deemed beneficially owned by Ms. Goldsmith represent less than 1% of the total voting power of the issuer.

Item 5.
Ownership of Five Percent or Less of a Class:

Not applicable.

Item 6.
Ownership of More Than Five Percent on Behalf of Another Person:

Not applicable.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:





US-DOCS\98530395.4

CUSIP No. 87105L104
SCHEDULE 13G
Page 6 of 7 Pages


Not applicable.

Item 8.
Identification and Classification of Members of the Group:

Not applicable.

Item 9.
Notice of Dissolution of Group:

Not applicable.

Item 10.
Certifications:

Not applicable.





US-DOCS\98530395.4

CUSIP No. 87105L104
SCHEDULE 13G
Page 7 of 7 Pages



SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 13, 2018
Karen Mack Goldsmith
/s/ Karen Mack Goldsmith       





US-DOCS\98530395.3