SEC Form 4 · accession 0001127602-18-030765
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 18, 2018
Accepted (ET)
Oct 22, 2018 · 9:19 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 | Oct 18, 2018 | C | 19,712 | $0.00 | A | 126,075 | I | By Lawson Revocable Trust |
| Class A Common StockF3,F1 | Oct 18, 2018 | S | 2,799 | $70.5496 | D | 123,276 | I | By Lawson Revocable Trust |
| Class A Common StockF4,F1 | Oct 18, 2018 | S | 13,402 | $71.5844 | D | 109,874 | I | By Lawson Revocable Trust |
| Class A Common StockF5,F1 | Oct 18, 2018 | S | 3,429 | $72.4189 | D | 106,445 | I | By Lawson Revocable Trust |
| Class A Common StockF6,F1 | Oct 18, 2018 | S | 1,200 | $73.0975 | D | 105,245 | I | By Lawson Revocable Trust |
| Class A Common StockF7 | holding | — | — | — | 141,801 | 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 StockF8,F1 | — | Oct 18, 2018 | C | 19,712 | D | — | — | Class A Common Stock | 19,712 | 6,112,242 | I |
| Class B Common StockF8,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 59,375 | 59,375 | D |
| Class B Common StockF8,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 740,364 | 740,364 | I |
| Class B Common StockF8,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 323,170 | 323,170 | I |
Explanation of responses
- F1Erica Freeman Lawson and Jeffrey Gordon Lawson Trustees of the Lawson Revocable Trust dated 10/2/11.
- F10Jeffrey Gordon Lawson Trustee of the Lawson 2014 GRAT dated 12/29/14.
- F11JP Morgan Trust Company of Delaware Trustee U/A 12/29/14 Lawson 2014 Irrevocable Trust.
- 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 $69.97 to $70.95 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 purchased at each separate price within the range set forth in this footnote.
- F4The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.97 to $71.96 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.
- F5The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.98 to $72.90 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.
- F6The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.98 to $73.20 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.
- F7A 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.
- F8Each 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.
- F9A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.