SEC Form 4 · accession 0001127602-16-056634
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James McGeever
Director
Period of report
Jun 28, 2016
Accepted (ET)
Jun 30, 2016 · 3:05 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 |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 28, 2016 | C | 251,074 | $0.00 | A | 251,074 | I | By Trust |
| Common StockF2 | Jun 28, 2016 | J | 251,074 | $0.00 | D | 0 | I | By Trust |
| Common StockF2 | Jun 28, 2016 | J | 234,670 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Preferred StockF3 | $0.00 | Jun 28, 2016 | C | 251,074 | D | — | — | Common Stock | 251,074 | 0 | I |
| Class B Common StockF4 | $0.00 | Jun 28, 2016 | J | 251,074 | A | — | — | Class A Common Stock | 251,074 | 251,074 | I |
| Class B Common StockF4 | $0.00 | Jun 28, 2016 | J | 234,670 | A | — | — | Class A Common Stock | 234,670 | 234,670 | D |
Explanation of responses
- F1Reflects the conversion of the Issuer's Preferred Stock into Common Stock on a one-for-one basis, which became effective immediately prior to the closing of the Issuer's initial public offering.
- F2Immediately 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.
- F3The aggregate number of shares of Issuer's Preferred Stock held by the Reporting Person converted into Common Stock immediately prior to the closing of the Issuer's initial public offering and has no expiration date. These shares converted into Common Stock on a one-for-one basis.
- F4Each 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.