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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Balelo William Gonsalves
2. Issuer Name and Ticker or Trading Symbol

Switch, Inc. [ SWCH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

10889 EDEN RIDGE AVE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/18/2018
(Street)

LAS VEGAS, NV 89135
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
CLASS A COMMON STOCK   (1) 5/18/2018     C (1)    200000   A   (1) 200000   I   BY LLC   (3)
CLASS A COMMON STOCK   (1) 5/18/2018     C (1)    200000   A   (1) 200000   I   BY TRUST   (4)
CLASS B COMMON STOCK   (2) 5/18/2018     J (2)    200000   D   (2) 200000   I   BY LLC   (3)
CLASS B COMMON STOCK   (2) 5/18/2018     J (2)    200000   D   (2) 200000   I   BY TRUST   (4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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
COMMON UNITS   (1)   (1) 5/18/2018     C   (1)       200000      (1)   (1) CLASS A COMMON STOCK   200000     (1) 8413000   I   BY LLC   (3)
COMMON UNITS   (1)   (1) 5/18/2018     C   (1)       200000      (1)   (1) CLASS A COMMON STOCK   200000     (1) 5260920   I   BY TRUST   (4)

Explanation of Responses:
(1)  The reporting person surrendered for redemption and conversion 200,000 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.
(2)  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.
(3)  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.
(4)  Held by Balelo Family Irrevocable Subtrust, 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. Mr. Balelo disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Balelo William Gonsalves
10889 EDEN RIDGE AVE
LAS VEGAS, NV 89135

X

Balelo Holdings LLC
10889 EDEN RIDGE AVE
LAS VEGAS, NV 89135

X

BALELO FAMILY IRREVOCABLE SUBTRUST
10889 EDEN RIDGE AVE
LAS VEGAS, NV 89135

X


Signatures
/s/ William Balelo 5/23/2018
** Signature of Reporting Person Date

/s/ William Balelo, Managing Member, Balelo Holdings LLC 5/23/2018
** Signature of Reporting Person Date

/s/ William Balelo, Trustee, Balelo Family Irrevocable Subtrust 5/23/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Switch (NYSE:SWCH)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Switch Charts.
Switch (NYSE:SWCH)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Switch Charts.