SEC Form 4 · accession 0001127602-19-004253
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey E Epstein
Director
Period of report
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 6:39 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,F2 | Feb 1, 2019 | A | 12,998 | $0.00 | A | 26,484 | I | See Footnote |
| Class A Common StockF3 | holding | — | — | — | 15,052 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger and Reorganization, dated October 15, 2018, by and between Twilio Inc. ("Twilio"), SendGrid, Inc. ("SendGrid") and Topaz Merger Subsidiary, Inc., as amended on December 13, 2018 (the "Merger Agreement"), each share of common stock of SendGrid was canceled and automatically converted into 0.485 shares of Class A Common Stock of Twilio, with fractional shares being paid in cash as provided in the Merger Agreement. Mr. Epstein held 26,800 shares of common stock of SendGrid that pursuant to the Merger Agreement converted into 12,998 shares of Class A Common Stock of Twilio.
- F2These shares are held by the Epstein Family Revocable Trust.
- F3Includes 15,052 Restricted Stock Units ("RSUs") that have been deferred by the Reporting Person. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.