SEC Form 4 · accession 0001127602-16-070487
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeff Lawson
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 19, 2016
Accepted (ET)
Dec 19, 2016 · 6:40 pm EST
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 StockF1,F2 | Dec 19, 2016 | C | 331,988 | $0.00 | A | 331,988 | I | By Lawson Revocable 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,F2,F3 | — | Dec 19, 2016 | C | 331,988 | D | — | — | Class A Common Stock | 331,988 | 6,089,920 | I |
| Class B Common StockF3 | — | holding | — | — | — | — | — | Class A Common Stock | 154,375 | 154,375 | D |
| Class B Common StockF4,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 740,364 | 740,364 | I |
| Class B Common StockF5,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 323,170 | 323,170 | I |
Explanation of responses
- F1The shares reported in this transaction are being converted as a result of a charitable gift to a Donor Advised Fund ("DAF"). The shares that will be gifted to the DAF will remain subject to a lock-up agreement for a period of 90 days following October 20, 2016, as required pursuant to a lock-up agreement the Reporting Person entered into with the underwriters, in connection with the Issuer's follow-on offering.
- F2Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
- 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.
- F4Jeffrey Gordon Lawson Trustee of the Lawson 2014 GRAT dated 12/29/14.
- F5JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.