SEC Form 4 · accession 0001209191-16-156475
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
UNION SQUARE VENTURES 2008 LP
10% Owner
Period of report
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 4:04 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 StockF2 | Dec 20, 2016 | J | 9,068,262 | $0.00 | D | 750,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pro rata distribution from USV 2008 (as defined below) in accordance with the exemption under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
- F2Union Square GP 2008, L.L.C. ("USV GP") is the general partner of Union Square Ventures 2008, LP ("USV 2008"), and, as such, has the power to vote and dispose of the shares held by USV 2008. Brad Burnham ("Burnham"), Albert Wenger ("Wenger") and Fred Wilson ("Wilson") are the managing members of USV GP and, therefore, share voting and investment power with regard to the shares held directly by USV 2008. As a result of their positions at USV GP, Burnham, Wenger and Wilson may also share voting and dispositive power of the shares held by USV 2008. Each of USV GP, Burnham, Wenger and Wilson disclaim beneficial ownership of the shares owned by USV 2008 except to the extent of his or its respective pecuniary interest therein.