SEC Form 4 · accession 0001127602-17-002116
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)
Jan 19, 2017 · 6:29 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 StockF2 | Dec 19, 2016 | G | 331,988 | $0.00 | D | 0 | I | By Lawson Revocable Trust |
| Class A Common Stock | holding | — | — | — | 0 | D | ||
| Class A Common StockF3 | holding | — | — | — | 0 | I | By Lawson 2014 Irrevocable Trust | |
| Class A Common StockF4 | holding | — | — | — | 0 | I | By Lawson 2014 GRAT |
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 StockF5 | — | Jan 17, 2017 | F | 4,705 | D | — | — | Class A Common Stock | 4,705 | 149,670 | D |
| Class B Common StockF5 | — | Jan 19, 2017 | G | 7,170 | D | — | — | Class A Common Stock | 7,170 | 142,500 | D |
| Class B Common StockF2,F5 | — | Jan 19, 2017 | G | 7,170 | A | — | — | Class A Common Stock | 7,170 | 6,097,090 | I |
| Class B Common StockF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 740,364 | 740,364 | I |
| Class B Common StockF3,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 323,170 | 323,170 | I |
Explanation of responses
- F1The shares reported in this transaction represents a bona fide charitable gift to a Donor Advised Fund.
- F2Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
- F3JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
- F4Jeffrey Gordon Lawson Trustee of the Lawson 2014 GRAT dated 12/29/14.
- F5Each 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.
- F6Represents 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.
- F7Represents shares that the Reporting Person contributed to the Reporting Person's trust.