SEC Form 4 · accession 0001127602-18-002143

TWILIO INC · TWLO

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Oct 16, 2017

Accepted (ET)

Jan 18, 2018 · 8:20 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001447669

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F1,F3	—	Oct 16, 2017	G	5,678	D	—	—	Class A Common Stock	5,678	106,875	D
Class B Common Stock^F1,F5	—	Oct 16, 2017	G	5,678	A	—	—	Class A Common Stock	5,678	6,116,398	I
Class B Common Stock^F1,F5	—	Dec 18, 2017	G	9,900	D	—	—	Class A Common Stock	9,900	6,106,498	I
Class B Common Stock^F1,F3	—	Jan 16, 2018	F	4,380	D	—	—	Class A Common Stock	4,380	102,495	D
Class B Common Stock^F1,F3	—	Jan 16, 2018	G	7,495	D	—	—	Class A Common Stock	7,495	95,000	D
Class B Common Stock^F1,F5	—	Jan 16, 2018	G	7,495	A	—	—	Class A Common Stock	7,495	6,113,993	I
Class B Common Stock^F8,F1	—	holding	—	—	—	—	—	Class A Common Stock	740,364	740,364	I
Class B Common Stock^F9,F1	—	holding	—	—	—	—	—	Class A Common Stock	323,170	323,170	I
Employee Stock Option (right to buy)^F10,F1	$10.09	holding	—	—	—	—	Dec 30, 2025	Class B Common Stock	316,667	316,667	D
Employee Stock Option (right to buy)^F11	$31.96	holding	—	—	—	—	Feb 9, 2027	Class A Common Stock	163,890	163,890	D

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.
F10The 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.
F11The 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.
F2Represents shares that the Reporting Person contributed to the Reporting Person's trust.
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.
F4Represents the shares received by the Reporting Person's trust.
F5Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
F6Represents shares that the Reporting Person donated as a bona-fide gift.
F7Represents shares of Common Stock that were withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of RSUs.
F8Jeffrey Gordon Lawson Trustee of the Lawson 2014 GRAT dated 12/29/14.
F9JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.