SEC Form 4 · accession 0001127602-18-006803
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Dalzell
Director
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 6:19 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 14, 2018 | C | 22,500 | $0.00 | A | 28,505 | D | |
| Class A Common StockF3,F1 | Feb 14, 2018 | S | 22,500 | $30.0033 | D | 6,005 | 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)F4,F5 | $3.86 | Feb 14, 2018 | M | 22,500 | D | — | Mar 24, 2024 | Class B Common Stock | 22,500 | 120,000 | D |
| Class B Common StockF5 | — | Feb 14, 2018 | M | 22,500 | A | — | — | Class A Common Stock | 22,500 | 22,500 | D |
| Class B Common StockF5 | — | Feb 14, 2018 | C | 22,500 | D | — | — | Class A Common Stock | 22,500 | 0 | D |
Explanation of responses
- F1A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.
- F2The sales reported were effected pursuant to a 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 $30.00 to $30.17 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.
- F4The shares subject to the option vested in 36 equal installments commencing on March 25, 2014. The shares subject to the option are fully vested and exercisable by the reporting person.
- 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.