SEC Form 4 · accession 0001127602-17-030018
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
Oct 16, 2017
Accepted (ET)
Oct 18, 2017 · 6:17 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F3 | — | Oct 16, 2017 | F | 6,197 | D | — | — | Class A Common Stock | 6,197 | 112,553 | D |
| Class B Common StockF1,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 740,364 | 740,364 | I |
| Class B Common StockF1,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 323,170 | 323,170 | I |
| Class B Common StockF1,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 6,110,720 | 6,110,720 | I |
| Employee Stock Option (right to buy)F7,F1 | $10.09 | holding | — | — | — | — | Dec 30, 2025 | Class B Common Stock | 316,667 | 316,667 | D |
| Employee Stock Option (right to buy)F8 | $31.96 | holding | — | — | — | — | Feb 9, 2027 | Class A Common Stock | 163,890 | 163,890 | D |
Explanation of responses
- F1Each 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.
- F2Represents shares of Class B common stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of RSUs.
- 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.
- F4Jeffrey Gordon Lawson Trustee of the Lawson 2014 GRAT dated 12/29/14.
- F5JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
- F6Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
- F7The shares subject to this option vest in 48 equal monthly installments, with the first installment on February 15, 2016, subject to the Reporting Person's continuous service to the Issuer on each such date. The option is early exercisable by the Reporting Person.
- F8The 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 through each vesting date.