SEC Form 4 · accession 0001127602-16-065030
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karyn Smith
Officer — General Counsel and Secretary
Period of report
Oct 17, 2016
Accepted (ET)
Oct 19, 2016 · 7:04 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2 | — | Oct 17, 2016 | F | 707 | D | — | — | Class A Common Stock | 707 | 25,602 | D |
| Class B Common StockF2 | — | Oct 18, 2016 | G | 1,172 | D | — | — | Class A Common Stock | 1,172 | 24,430 | D |
| Class B Common StockF2 | — | Oct 18, 2016 | G | 1,172 | A | — | — | Class A Common Stock | 1,172 | 24,675 | I |
Explanation of responses
- F1These shares represent Restricted Stock Units ("RSU's"). Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock. The RSUs vest according to the following schedule: equal quarterly installments over 16 quarters from January 15, 2016, subject to the Reporting Person's continued employment with the Issuer through each such vesting date.
- F2Each 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.
- F3Represents shares of Common Stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of RSUs.
- F4Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.