Home > Insider Trading > Filing (0001144204-18-035910)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1710583	Switch Inc.	SWCH	Services-Computer Programming, Data Processing, Etc. (7370)	821883953

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1718968	Gragson Data Ss Llc	5 Promontory Ridge Drive Las Vegas NV 89135		No	No	Yes	No
1719002	Russell Scott Gragson	5 Promontory Ridge Drive Las Vegas NV 89135		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2018-05-18	1,500,000	$0.00	1,500,000	No	4	C	Indirect	By LLC
Class B Common Stock	Disposition	2018-05-18	1,500,000	$0.00	7,331,538	No	4	J	Indirect	By LLC
Class A Common Stock	Disposition	2018-06-22	106,785	$13.05	1,393,215	No	4	S	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By LLC
No	4	J	Indirect	By LLC
No	4	S	Indirect	By LLC

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Common Units	Disposition	2018-05-18	1,500,000	$0.00	1,500,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,331,538			No	4	C	Indirect

Footnotes

The reporting person surrendered for redemption and conversion 1,500,000 common membership units in Switch, Ltd. ("Common Units") on a one-for-one basis for Issuer's Class A Common Stock. 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 one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
Upon the redemption and conversion of the Common Units into Class A Common Stock, one share of Issuer's Class B Common Stock held by the reporting person was forfeited and cancelled, without consideration, on a one-for-one basis for each share of Class A Common Stock acquired. The Class B Common Stock only confer voting rights (one vote per share) and do not confer economic rights.
Held by Gragson Data SS, LLC, as to which Mr. Gragson is the manager of the LLC and has voting and dispositive power of the shares, subject to a voting agreement in favor of the pledgee of the shares. Mr. Gragson disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest.
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.