SEC Form 4 · accession 0001127602-16-065173
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 20, 2016
Accepted (ET)
Oct 24, 2016 · 7:52 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 | 11,501 | $0.00 | A | 11,501 | D | |
| Class A Common StockF1 | Oct 20, 2016 | C | 2,362 | $0.00 | A | 2,362 | I | By The Karyn Smith Revocable Trust |
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 | $10.09 | Oct 20, 2016 | M | 8,370 | D | — | Dec 30, 2025 | Class B Common Stock | 8,370 | 51,765 | D |
| Class B Common StockF4,F3 | — | Oct 20, 2016 | M | 8,370 | A | — | — | Class A Common Stock | 8,370 | 32,800 | D |
| Employee Stock Option (right to buy)F5 | $4.73 | Oct 20, 2016 | M | 3,131 | D | — | Oct 28, 2024 | Class B Common Stock | 3,131 | 215,458 | D |
| Class B Common StockF4,F3 | — | Oct 20, 2016 | M | 3,131 | A | — | — | Class A Common Stock | 3,131 | 35,931 | D |
| Class B Common StockF4,F3 | — | Oct 20, 2016 | C | 11,501 | D | — | — | Class A Common Stock | 11,501 | 24,430 | D |
| Class B Common StockF1,F3 | — | Oct 20, 2016 | C | 2,362 | D | — | — | Class A Common Stock | 2,362 | 22,313 | I |
Explanation of responses
- F1The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
- F2The shares subject to this option vest in 48 equal monthly installments, with the first installment on February 15, 2016, subject to the Reporting Person's continuous service to the Issuer on each such 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.
- F4A 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.
- F525% of the shares subject to this option vested on September 2, 2015, 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.