SEC Form 4 · accession 0001209191-17-061561
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
HIGHWAY 12 VENTURE FUND II LP
10% Owner
Mark Solon
10% Owner
Highway 12 Venture Fund II-B, L.P.
10% Owner
Highway 12 Ventures II, Inc.
10% Owner
Highway 12 Capital Partners II, LLC
10% Owner
Period of report
Nov 17, 2017
Accepted (ET)
Nov 17, 2017 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477425
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 17, 2017 | C | 1,027,690 | — | A | 1,027,690 | I | By: Highway 12 Venture Fund II, L.P. |
| Common StockF1,F3 | Nov 17, 2017 | C | 904,127 | — | A | 904,127 | I | By: Highway 12 Venture Fund II-B, L.P. |
| Common StockF1,F2 | Nov 17, 2017 | C | 797,235 | — | A | 1,824,925 | I | By: Highway 12 Venture Fund II, L.P. |
| Common StockF1,F3 | Nov 17, 2017 | C | 701,382 | — | A | 1,605,509 | I | By: Highway 12 Venture Fund II-B, L.P |
| Common StockF1,F2 | Nov 17, 2017 | C | 577,045 | — | A | 2,401,970 | I | By: Highway 12 Venture Fund II, L.P. |
| Common StockF1,F3 | Nov 17, 2017 | C | 507,665 | — | A | 2,113,174 | I | By: Highway 12 Venture Fund II-B, L.P |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1 | — | Nov 17, 2017 | C | 1,027,690 | D | — | — | Common Stock | 1,027,690 | 0 | I |
| Series A Preferred StockF1 | — | Nov 17, 2017 | C | 904,127 | D | — | — | Common Stock | 904,127 | 0 | I |
| Series A-1 Preferred StockF1 | — | Nov 17, 2017 | C | 797,235 | D | — | — | Common Stock | 797,235 | 0 | I |
| Series A-1 Preferred StockF1 | — | Nov 17, 2017 | C | 701,382 | D | — | — | Common Stock | 701,382 | 0 | I |
| Series B Preferred StockF1 | — | Nov 17, 2017 | C | 577,045 | D | — | — | Common Stock | 577,045 | 0 | I |
| Series B Preferred StockF1 | — | Nov 17, 2017 | C | 507,665 | D | — | — | Common Stock | 507,665 | 0 | I |
Explanation of responses
- F1Each share of Series A Preferred Stock, Series A-1 Preferred Stock and Series B Preferred Stock converted into shares of the Issuer's common stock upon the closing of the Issuer's initial public offering, on a one-for-one basis and had no expiration date.
- F2The shares are held by Highway 12 Venture Fund II, L.P. ("Fund II"). The general partner of Fund II is Highway 12 Capital Partners II, LLC ("Partners II"). Highway 12 Ventures II, Inc. ("Ventures II") is the managerof Partners II. Mark Solon, a former member of the Issuer's board of directors, is the managing partner of Ventures II and a managing partner of Techstars Ventures.
- F3The shares are held by Highway 12 Venture Fund II-B, L.P. ("Fund II-B") The general partner of Fund II-B is Partners II. Ventures II is the manager of Partners II. Mark Solon, a former member of the Issuer's board of directors, is the managing partner of Ventures II and a managing partner of Techstars Ventures.