SEC Form 4 · accession 0001127602-17-019062
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
May 18, 2017
Accepted (ET)
May 22, 2017 · 7:09 pm EDT
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 | May 18, 2017 | C | 5,213 | $0.00 | A | 5,213 | I | By The Karyn Smith Revocable Trust |
| Class A Common StockF3,F1 | May 18, 2017 | S | 5,213 | $24.594 | D | 0 | I | By The Karyn Smith Revocable Trust |
| Class A Common StockF4 | holding | — | — | — | 1,750 | D |
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 | — | May 18, 2017 | C | 5,213 | D | — | — | Class A Common Stock | 5,213 | 3,461 | I |
| Class B Common StockF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 20,672 | 20,672 | 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 $24.12 to $25.01 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.
- F4Includes 1,750 shares acquired by the reporting person on May 15, 2017, pursuant to the Issuer's 2016 Employee Stock Purchase Plan.
- 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.
- F6A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock.