SEC Form 4 · accession 0001127602-16-056622
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Dalzell
Director
Period of report
Jun 28, 2016
Accepted (ET)
Jun 30, 2016 · 2:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447669
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F2 | $3.86 | Jun 28, 2016 | J | 150,000 | D | — | Mar 24, 2024 | Common Stock | 150,000 | 0 | D |
| Employee Stock Option (right to buy)F2,F3 | $3.86 | Jun 28, 2016 | J | 150,000 | A | — | Mar 24, 2024 | Class B Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Immediately prior to the closing of the Issuer's initial public offering and following the conversion of each series of the Issuer's convertible preferred stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
- F2The shares subject to the option vest in 36 equal monthly installments commencing on March 25, 2014, subject to the Reporting Person's continued employment with the Issuer through each vesting date. The option is early exercisable by the Reporting Person.
- F3Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.