4//SEC Filing
Balelo Holdings LLC 4
Accession 0001719015-19-000006
CIK 0001710583other
Filed
Aug 27, 8:00 PM ET
Accepted
Aug 28, 3:00 PM ET
Size
13.3 KB
Accession
0001719015-19-000006
Insider Transaction Report
Form 4
Switch, Inc.SWCH
Balelo Holdings LLC
10% Owner
Transactions
- Sale
CLASS A COMMON STOCK
2019-08-23$16.30/sh−286,991$4,677,953→ 2,814,009 total(indirect: By Trust) - Sale
CLASS A COMMON STOCK
2019-08-23$16.32/sh−20,211$329,844→ 2,517,657 total(indirect: By LLC) - Sale
CLASS A COMMON STOCK
2019-08-23$16.30/sh−276,141$4,501,098→ 2,537,868 total(indirect: By Trust)
Balelo William Gonsalves
10% Owner
Transactions
- Sale
CLASS A COMMON STOCK
2019-08-23$16.30/sh−276,141$4,501,098→ 2,537,868 total(indirect: By Trust) - Sale
CLASS A COMMON STOCK
2019-08-23$16.30/sh−286,991$4,677,953→ 2,814,009 total(indirect: By Trust) - Sale
CLASS A COMMON STOCK
2019-08-23$16.32/sh−20,211$329,844→ 2,517,657 total(indirect: By LLC)
Footnotes (6)
- [F1]Prices of securities reported in U.S. Dollars on a per share basis, not an aggregate basis. Amounts reported exclude brokerage commissions and other costs of execution. This transaction was executed in multiple trades at prices ranging from $16.29 to $16.41. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- [F2]Held by Balelo Holdings LLC, as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. Mr. Balelo disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
- [F3]The reporting person previously transferred 1,045,444 shares of Issuer's Class A Common Stock to The Gail K. Balelo 2008 Retained Annuity Trust (the "Trust"), as to which Mr. Balelo has the power to direct the sale or disposition of the shares held by the trust and the trust beneficiaries are Mr. Balelo and his immediate family members, in exchange for a release of an equivalent value of the membership units of Balelo Holdings LLC (the "LLC"), as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. The Trust effectuated the transactions of the securities reported as sold. Mr. Balelo and the LLC disclaim beneficial ownership of these shares, except to the extent of their pecuniary interests.
- [F4]The reporting person previously transferred 1,005,919 shares of Issuer's Class A Common Stock to The William G. Balelo 2008 Retained Annuity Trust (the "Trust"), as to which the spouse of Mr. Balelo has the power to direct the sale or disposition of the shares held by the trust and the trust beneficiaries are Mr. Balelo and his immediate family members, in exchange for a release of an equivalent value of the membership units of Balelo Holdings LLC (the "LLC"), as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. The Trust effectuated the transactions of the securities reported as sold. Mr. Balelo and the LLC disclaim beneficial ownership of these shares, except to the extent of their pecuniary interests.
- [F5]Prices of securities reported in U.S. Dollars on a per share basis, not an aggregate basis. Amounts reported exclude brokerage commissions and other costs of execution. This transaction was executed in multiple trades at prices ranging from $16.27 to $16.33. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
- [F6]The reporting person previously transferred 73,625 shares of Issuer's Class A Common Stock to John Balelo, the son of Mr. Balelo, in exchange for a release of an equivalent value of the membership units of Balelo Holdings LLC (the "LLC"), as to which Mr. Balelo is a Managing Member and maintains voting and dispositive control of these shares. John Balelo effectuated the transactions of the securities reported as sold. Mr. Balelo and the LLC disclaim beneficial ownership of these shares, except to the extent of their pecuniary interests.
Documents
Issuer
Switch, Inc.
CIK 0001710583
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001718904
Filing Metadata
- Form type
- 4
- Filed
- Aug 27, 8:00 PM ET
- Accepted
- Aug 28, 3:00 PM ET
- Size
- 13.3 KB