SEC Form 4 · accession 0001127602-17-009858
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Hu
Officer — Chief Operating Officer
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 6:07 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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | Feb 28, 2017 | A | 100,000 | $0.00 | A | 100,000 | D |
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 | $31.72 | Feb 28, 2017 | A | 900,000 | A | — | Feb 27, 2024 | Class A Common Stock | 900,000 | 900,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents the right to receive one share of the Issuer's Class A common stock. The RSUs vest as follows: 25% of the RSUs shall vest on February 28, 2018 and the remaining RSUs shall vest in equal quarterly installments over the following three years, in each case on February 15, May 15, August 15 and November 15, subject to continued service to the Issuer through each vesting date.
- F2The Stock Option ("Option") vests as follows: 25% of of the Option shall vest on February 28, 2018 and the remaining Option shall vest in equal monthly installments over the following three years, subject to continued service to the Issuer through each vesting date.