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Filing Details

Accession Number:: 0000899243-18-027915
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-11-01 18:17:44
Reporting Period:: 2017-11-14

Accepted Time:: 2018-11-01 18:17:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1514416	Bandwidth Inc.	BAND	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1513802	Carmichael Investment Partners, Llc	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	No	No	Yes	No
1562063	Carmichael Investment Partners Ii, Llc	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	No	No	Yes	No
1567046	J Kevin Martin	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	No	No	Yes	No
1575505	D. Brian Bailey	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	Yes	No	Yes	No
1592580	Carmichael Investment Partners Iii, Llc	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	No	No	Yes	No
1721937	Carmichael Bandwidth Llc	C/O Carmichael Partners, Llc 4725 Piedmont Row Dr, Ste 210 Charlotte NC 28210	No	No	Yes	No
1722003	Carmichael Partners Llc	C/O Carmichael Investment Partners, Llc 4725 Piedmont Row Drive, Suite 210 Charlotte NC 28210	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2017-11-14	1,575	$20.00	3,529	No	4	P	Indirect	See footnote
Class A Common Stock	Acquisiton	2018-10-01	301,714	$0.00	1,496,583	No	4	C	Indirect	See footnotes
Class A Common Stock	Disposition	2018-11-01	1,190,408	$0.00	306,175	No	4	J	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote
No	4	C	Indirect	See footnotes
No	4	J	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2018-10-01	301,714	$0.00	301,714	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
8,750			No	4	C	Indirect

Footnotes

Represents 1,575 shares of Class A Common Stock held directly by Kevin J. Martin and 1,954 shares of Class A Common Stock held directly by Brian D. Bailey. Pursuant to an agreement between Mr. Bailey and Carmichael Partners LLC, Carmichael Partners LLC is entitled to all economic benefit withrespect to 379 shares held directly by Mr. Bailey.
Following the transactions reported herein, includes of 1,517 shares of Class A Common Stock held by Carmichael Investment Partners, LLC ("CIP"), 908 shares of Class A Common Stock held by Carmichael Investment Partners II, LLC ("CIP II"), 608 shares of Class A Common Stock held by Carmichael Investment Partners III, LLC ("CIP III" and, together with CIP and CIP II, the "Carmichael Entities"), 297,147 shares of Class A Common Stock held directly by Carmichael Bandwidth, LLC as a result of the distribution from the Carmichael Entities, 4,420 shares of Class A Common Stock held directly by Brian D. Bailey and 1,575 shares of Class A Common Stock held directly by Kevin J. Martin.
Pursuant to an agreement between Mr. Bailey and Carmichael Partners, LLC, Carmichael Partners, LLC is entitled to all economic benefit with respect to 2,845 shares held by Mr. Bailey.
Carmichael Bandwidth, LLC is the managing member of each of the Carmichael Entities. Brian D. Bailey and Kevin J. Martin are the managing partners of Carmichael Bandwidth, LLC and Carmichael Partners, LLC and share voting and dispositive power with respect to the shares held by the Carmichael Entities and Carmichael Partners, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or their pecuniary interest therein.
Represents a pro rata distribution in-kind by each of CIP, CIP II and CIP III to their members for no consideration.
The shares of Class B common stock are convertible into Class A common stock on a 1-to-1 basis at the option of the holder and have no expiration date.
Consists of 8,750 shares of Class B common stock held by Carmichael Partners LLC.