Statement of Changes in Beneficial Ownership (4)
16 September 2020 - 6:14AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Borden Teresa A. |
2. Issuer Name and Ticker or Trading Symbol
Switch, Inc.
[
SWCH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Construction Officer |
(Last)
(First)
(Middle)
C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/11/2020 |
(Street)
LAS VEGAS, NV 89118
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 9/11/2020 | | S | | 23600 | D | $15.0582 (1) | 4201398 | I (2) | BY AFFILIATE OF SPOUSE |
Class A Common Stock | 9/14/2020 | | S | | 150000 | D | $15.0511 (3) | 4051398 | I (2) | BY AFFILIATE OF SPOUSE |
Class A Common Stock | | | | | | | | 707471 | D | |
Class A Common Stock | | | | | | | | 3962502 | I (4) | BY SPOUSE |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price. The shares were sold in multiple trades at prices ranging from $15.00 to $15.14, inclusive. The reporting person undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price. |
(2) | The inclusion of these shares held by an affiliated company of Teresa A. Borden's spouse shall not be deemed an admission that Ms. Borden is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any securities held solely by the affiliated company of her spouse, and Ms. Borden disclaims beneficial ownership thereof. |
(3) | The price reported in Column 4 is a weighted average price. The shares were sold in multiple trades at prices ranging from $15.00 to $15.26, inclusive. The reporting person undertakes to provide to the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price. |
(4) | The inclusion of these shares held by Teresa A. Borden's spouse shall not be deemed an admission that Ms. Borden is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any securities held solely by her spouse, and Ms. Borden disclaims beneficial ownership thereof. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Borden Teresa A. C/O SWITCH, INC. 7135 SOUTH DECATUR BOULEVARD LAS VEGAS, NV 89118 |
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| Chief Construction Officer |
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Signatures
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/s/ Gabriel Nacht, as Attorney-in-Fact for Teresa A. Borden | | 9/15/2020 |
**Signature of Reporting Person | Date |
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