SEC Form 4 · accession 0001127602-16-070485
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
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 6:38 pm EST
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 | — | Dec 15, 2016 | F | 3,805 | D | — | — | Class A Common Stock | 3,805 | 90,955 | D |
| Employee Stock Option (right to buy)F2 | $1.24 | Dec 16, 2016 | M | 25,000 | D | — | May 16, 2022 | Class B Common Stock | 25,000 | 516,525 | D |
| Class B Common StockF1 | — | Dec 16, 2016 | M | 25,000 | A | — | — | Class A Common Stock | 25,000 | 115,955 | D |
| Employee Stock Option (right to buy)F3 | $10.09 | holding | — | — | — | — | Dec 30, 2025 | Class B Common Stock | 175,000 | 175,000 | 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.
- F225% 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.
- F3The shares subject to this option vest in 34 equal monthly installments, with the first installment on May 7, 2012. The option is early exercisable by the Reporting Person.