SEC Form 4 · accession 0001127602-17-027096
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Kirkpatrick
Officer — Chief Financial Officer
Period of report
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001447669
Table I — non-derivative securities
No Table I lines on this filing.
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)F1,F2 | $1.24 | Sep 1, 2017 | M | 20,000 | D | — | May 16, 2022 | Class B Common Stock | 20,000 | 421,076 | D |
| Class B Common StockF2,F3 | — | Sep 1, 2017 | M | 20,000 | A | — | — | Class A Common Stock | 20,000 | 120,261 | D |
| Employee Stock Option (right to buy)F4,F2 | $10.09 | holding | — | — | — | — | Dec 30, 2025 | Class B Common Stock | 175,000 | 175,000 | D |
| Employee Stock Option (right to buy)F5 | $31.96 | holding | — | — | — | — | Feb 9, 2027 | Class A Common Stock | 95,056 | 95,056 | D |
Explanation of responses
- F1The option is fully vested and exercisable by the reporting person.
- F2Each 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.
- F3A portion of these shares represent Restricted Stock Units ("RSU's). Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.
- F4The shares subject to this option vest in 34 equal monthly installments, with the first installment on July 15, 2016. The option is early exercisable by the reporting person.
- F5The Stock Option ("Option") shall vest as follows: 1/4th of the Option shall vest on January 1, 2018, and 1/48th of the Option shall vest monthly thereafter, subject to continued service to the Issuer on each vesting date.