SEC Form 4 · accession 0001127602-16-065167
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Kirkpatrick
Officer — Chief Financial Officer
Period of report
Oct 20, 2016
Accepted (ET)
Oct 24, 2016 · 7:43 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 Stock | Oct 20, 2016 | C | 69,740 | $0.00 | A | 69,740 | D |
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)F1 | $1.24 | Oct 20, 2016 | M | 69,740 | D | — | May 16, 2022 | Class B Common Stock | 69,740 | 541,525 | D |
| Class B Common StockF3,F2 | — | Oct 20, 2016 | M | 69,740 | A | — | — | Class A Common Stock | 69,740 | 164,500 | D |
| Class B Common StockF3,F2 | — | Oct 20, 2016 | C | 69,740 | D | — | — | Class A Common Stock | 69,740 | 94,760 | D |
Explanation of responses
- F125% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date. The option is early exercisable by the Reporting Person.
- 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.
- F3A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock.