SEC Form 4 · accession 0001127602-16-056636
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy Ng
Officer — Chief Operating Officer
Period of report
Jun 28, 2016
Accepted (ET)
Jun 30, 2016 · 3:09 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 | J | 43,141 | — | D | 0 | I | By grantor retained annuity trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1 | — | Jun 28, 2016 | J | 43,141 | A | — | — | Class A Common Stock | 43,141 | 43,141 | I |
| Employee Stock Option (right to buy)F2 | $4.73 | Jun 28, 2016 | J | 1,264,478 | A | — | Oct 28, 2024 | Class B Common Stock | 1,264,478 | 1,264,478 | D |
| Employee Stock Option (right to buy)F2 | $4.73 | Jun 28, 2016 | J | 1,264,478 | D | — | Oct 28, 2024 | Common Stock | 1,264,478 | 0 | D |
Explanation of responses
- F1Each 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.
- F2The shares shall vest according to the following schedule: (i) 254,259 of the shares vested on September 1, 2015, (ii) from September 2, 2015 until September 1, 2016, 21,188 of the shares vest each month on the 1st of each month, and, (iii) from September 2, 2016 until September 1, 2018, 33,296 of the shares vest each month on the 1st of each month, subject to the Reporting Person's continued service to the Issuer through each vesting date. The option is early exercisable by the Reporting Person.