SEC Form 4 · accession 0001127602-18-034865
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elena A. Donio
Director
Period of report
Nov 28, 2018
Accepted (ET)
Nov 30, 2018 · 6:21 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 | Nov 28, 2018 | C | 6,000 | $0.00 | A | 15,900 | D | |
| Class A Common StockF3,F1 | Nov 28, 2018 | S | 6,000 | $85.9051 | D | 9,900 | 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 StockF4,F5 | — | Nov 28, 2018 | C | 6,000 | D | — | — | Class A Common Stock | 6,000 | 23,733 | 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 Reporting Person has elected to sell the shares reported in this transaction to satisfy tax obligations required in connection with shares received with the vesting of Restricted RSUs.
- F3The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.89 to $86.03 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.
- F4Each 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.
- F5A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.