SEC Form 4 · accession 0001209191-17-010240
TWILIO INC · TWLO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Campbell Raney
Director
Period of report
Feb 9, 2017
Accepted (ET)
Feb 13, 2017 · 7:43 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,F3 | Feb 9, 2017 | C | 824,742 | $0.00 | A | 824,742 | I | See footnote |
| Class A Common StockF4,F3 | Feb 9, 2017 | J | 824,742 | $0.00 | D | 0 | I | See footnote |
| Class A Common StockF5,F3 | Feb 9, 2017 | J | 206,000 | $0.00 | A | 206,000 | I | BY RO II LLC |
| Class A Common StockF6,F3 | Feb 9, 2017 | J | 206,000 | $0.00 | D | 0 | I | BY RO II LLC |
| Class A Common StockF7 | Feb 9, 2017 | J | 22,058 | $0.00 | A | 22,058 | D | |
| Class A Common StockF8 | Feb 10, 2017 | S | 22,058 | $32.17 | D | 0 | 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 StockF1,F9,F3,F2 | — | Feb 9, 2017 | C | 824,742 | D | — | — | Class A Common Stock | 824,742 | 2,028,411 | I |
Explanation of responses
- F1800,000 of these shares were converted by Redpoint Omega II LP ("Omega II LP") and 24,742 of these shares were converted by Redpoint Omega II Associates LLC ("Omega Associates II").
- F2Each 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.
- F3The Reporting Person is a managing director of Redpoint Omega II LLC ("RO II LLC"), the general partner of Omega II LP and is a manager of Omega Associates II. The Reporting Person shares voting and dispositive power with respect to the shares held directly by Omega II LP and Omega Associates II. The Reporting Person disclaims beneficial ownership of the securities held by Omega II LP and Omega Associates II and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest, if any, in the securities by virtue of his interest in Omega II LP and Omega Associates II.
- F4Represents the pro-rata in-kind distributions of Class A Common Stock of the Issuer effected following the close of the trading market on February 9, 2017 by (i) Omega II LP to its limited partners and its general partner, RO II LLC, and (ii) by Omega Associates II to its members, in each case, without consideration.
- F5Represents a change in the form of ownership from indirect through Omega II LP to indirect through RO II LLC by virtue of the receipt of shares in the pro-rata in-kind distribution of Class A Common Stock of the Issuer by Omega II LP described in footnote 4.
- F6Represents the pro-rata in-kind distribution of Class A Common Stock of the Issuer effected following the close of the trading market on February 9, 2017 by RO II LLC to its members without consideration.
- F7Represents a change in the form of ownership from indirect to direct by virtue of the receipt of shares in the pro-rata in-kind distributions of Class A Common Stock of the Issuer by Omega Associates II and RO II LLC described in footnotes 4 and 6, respectively.
- F8The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 - $32.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or 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 footnote (8) to this Form 4.
- F91,967,560 of these shares are owned directly by Omega II LP and 60,851 of these shares are owned directly by Omega Associates II.