SEC Form 4 · accession 0000899243-16-032418
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
BVP VII SPECIAL OPPORTUNITY FUND LP
10% Owner
Bessemer Venture Partners VII L.P.
10% Owner
Deer VII & Co. Ltd.
10% Owner
Deer VII & Co. L.P.
10% Owner
15 Angels LLC
10% Owner
Period of report
Oct 26, 2016
Accepted (ET)
Oct 28, 2016 · 3:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447669
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Oct 26, 2016 | S | 3,084,651 | $38.60 | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to an underwriting agreement and in connection with the registered public offering of shares of the Issuer's Class A Common Stock, pursuant to a final prospectus dated October 20, 2016, which offering was consummated on October 26, 2016, the Funds (as defined below) sold an aggregate of 3,084,651 shares of Class A Common Stock. Bessemer Venture Partners VII Institutional LP ("BVP VII Inst") sold 423,457 shares of Class A Common Stock, Bessemer Venture Partners VII, LP ("BVP VII") sold 967,902 shares of Class A Common Stock, BVP VII Special Opportunity Fund LP ("BVP VII SOF") sold 1,633,337 shares of Class A Common Stock, and 15 Angels, LLC ("15 Angels" and, together with BVP VII SOF, BVP VII Inst and BVP VII, the "Funds") sold 59,955 shares of Class A Common Stock, each at a sale price of $38.60.
- F2Deer VII & Co. Ltd. ("Deer Ltd.") is the general partner of Deer VII & Co. L.P. ("Deer L.P."), which is the general partner of BVP VII Inst, BVP VII and BVP VII SOF. 15 Angels is a wholly owned subsidiary of BVP VII Inst. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Funds.