SEC Form 4 · accession 0001127602-17-007997
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 4:57 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 | Feb 21, 2017 | C | 5,269 | $0.00 | A | 5,269 | I | By The Karyn Smith Revocable Trust |
| Class A Common StockF3,F1 | Feb 21, 2017 | S | 4,869 | $31.7542 | D | 400 | I | By The Karyn Smith Revocable Trust |
| Class A Common StockF4,F1 | Feb 21, 2017 | S | 400 | $32.485 | D | 0 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF5,F1 | — | Feb 21, 2017 | C | 5,269 | D | — | — | Class A Common Stock | 5,269 | 18,100 | I |
| Class B Common StockF5 | — | holding | — | — | — | — | — | Class A Common Stock | 22,551 | 22,551 | D |
Explanation of responses
- F1The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
- F2The sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.43 to $32.41 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.46 to $32.52 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- 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.