Sec Form 13G Filing - Thomas Steven Clark filing for Switch Inc. (SWCH) - 2020-02-13

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

Name of Reporting Person:

Steven Thomas

Check the Appropriate Box if a Member of Group (See Instructions):

(a)  ☐        (b)  ☐

SEC Use Only:

Citizenship or Place of Organization:

United States

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With:

Sole Voting Power:

6,633,461 (1)(2)

Shared Voting Power:

0

Sole Dispositive Power:

6,633,461 (1)(2)

Shared Dispositive Power:

0

Aggregate Amount Beneficially Owned by Each Reporting Person:

6,633,461 (1)

Check if the Aggregate Amount in Row (9) Excludes Certain Shares:

☐

Percent of Class Represented By Amount In Row (9):

7.4% (3)

Type of Reporting Person:

IN

Includes common units of Switch, Ltd. (“Common Units”) and associated Class B common stock of the Issuer. 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 a share of Class A common stock. The Common Units have no expiration date. One share of the Issuer’s Class B common stock was issued for each Common Unit. The shares of Class B common stock (i) confer only voting rights (one vote per share) and do not confer any incidents of economic ownership to the holders thereof; and (ii) are forfeited and cancelled, on a one-for-one basis, without consideration, upon the redemption of Common Units for shares of Class A common stock, or cash, at the Issuer’s election.

Includes (i) 533,461 shares of Class A common stock held directly, (ii) 3,100,000 Common Units and associated Class B common stock held directly, and (iii) 300,000 shares of Class A common stock and 2,700,000 Common Units and associated Class B common stock held by the 2008 Exempt Trust UAD 4-3-08, of which Mr. Thomas is the sole trustee. Mr. Thomas does not have any pecuniary interest in the securities held by this trust and disclaims beneficial interest of the securities held by the trust.

Based upon 86,796,336 shares of the Issuer’s Class A common stock outstanding as of November 1, 2019, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2019. The total securities currently deemed beneficially owned by Mr. Thomas represent approximately 2.7% of the total voting power of the Issuer, based on the reported 86,796,336 shares of Class A common stock, 112,145,474 shares of Class B common stock, and 42,944,647 shares of Class C common stock outstanding as of November 1, 2019, and giving effect to the conversion of each share of super-voting Class C common stock into one share of Class B common stock as of November 8, 2019.

Item 1.   

(a) Name of Issuer:

(b) Address of Issuer’s Principal Executive Offices:

Item 2.   

(a) Name of Person Filing:

(b) Address or Principal Business Office or, if none, Residence:

(c) Citizenship or Place of Organization:

(d) Title of Class of Securities:

(e) CUSIP Number:

Item 3.   

Item 4.   

Amount beneficially owned:

Percent of class:

Number of shares as to which such person has:

(i) Sole power to vote or to direct the vote:

(ii) Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

(iv) Shared power to dispose or to direct the disposition of:

Includes common units of Switch, Ltd. (“Common Units”) and associated Class B common stock of the Issuer. 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 a share of Class A common stock. The Common Units have no expiration date. One share of the Issuer’s Class B common stock was issued for each Common Unit. The shares of Class B common stock (i) confer only voting rights (one vote per share) and do not confer any incidents of economic ownership to the holders thereof; and (ii) are forfeited and cancelled, on a one-for-one basis, without consideration, upon the redemption of Common Units for shares of Class A common stock, or cash, at the Issuer’s election.

Includes (i) 533,461 shares of Class A common stock held directly, (ii) 3,100,000 Common Units and associated Class B common stock held directly, and (iii) 300,000 shares of Class A common stock and 2,700,000 Common Units and associated Class B common stock held by the 2008 Exempt Trust UAD 4-3-08, of which Mr. Thomas is the sole trustee. Mr. Thomas does not have any pecuniary interest in the securities held by this trust and disclaims beneficial interest of the securities held by the trust.

Based upon 86,796,336 shares of the Issuer’s Class A common stock outstanding as of November 1, 2019, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 12, 2019. The total securities currently deemed beneficially owned by Mr. Thomas represent approximately 2.7% of the total voting power of the Issuer, based on the reported 86,796,336 shares of Class A common stock, 112,145,474 shares of Class B common stock, and 42,944,647 shares of Class C common stock outstanding as of November 1, 2019, and giving effect to the conversion of each share of super-voting Class C common stock into one share of Class B common stock as of November 8, 2019.

Item 5.   

Ownership of Five Percent or Less of a Class:

Item 6.   

Ownership of More Than Five Percent on Behalf of Another Person:

Item 7.   

Item 8.   

Identification and Classification of Members of the Group:

Item 9.   

Notice of Dissolution of Group:

Item 10.   

Certifications: