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Filing Details

Accession Number:
0001719015-20-000003
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2020-01-21 12:17:06
Reporting Period:
2019-10-01
Accepted Time:
2020-01-21 12:17:06
Original Submission Date:
2019-10-01
SEC Url:
Form 4 Filing
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
1718904 Balelo Holdings Llc 10889 Eden Ridge Ave
Las Vegas NV 89135
No No No Yes
1719015 Gonsalves William Balelo 10889 Eden Ridge Ave
Las Vegas NV 89135
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock Disposition 2019-10-01 2,450,000 $15.39 2,863,000 No 4 S Indirect BY LLC
Class A Common Stock Acquisiton 2019-10-01 770,000 $0.00 2,790,243 No 4 C Indirect BY LLC
Class B Common Stock Disposition 2019-10-01 770,000 $0.00 2,093,000 No 4 J Indirect BY LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect BY LLC
No 4 C Indirect BY LLC
No 4 J 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 2019-10-01 770,000 $15.39 770,000 $15.39
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,093,000 No 4 C Indirect
Footnotes
  1. The issuer purchased 2,450,000 Class B Common Stock shares from the reporting person at the price of $15.39 per share. Prices of securities reported in U.S. Dollars on a per share basis, not an aggregate basis. The reporting person hereby undertakes to provide 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.
  2. 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.
  3. The reporting person surrendered for redemption and conversion 770,000 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 the volume weighed average market price of one share of Class A Common Stock for each Common Unit redeemed. The Common Units have no expiration date.
  4. 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.