SEC Form 4 · accession 0001209191-18-024340
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sameer Dholakia
Officer — President and CEO · Director
Period of report
Apr 5, 2018
Accepted (ET)
Apr 9, 2018 · 4:35 pm EDT
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 | Apr 5, 2018 | M | 368,231 | $1.83 | A | 985,686 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right To Buy)F2 | $1.83 | Apr 5, 2018 | M | 368,231 | D | — | Oct 19, 2024 | Common Stock | 368,231 | 1,021,044 | D |
Explanation of responses
- F1Includes 617,455 restricted stock units ("RSUs") previously reported as holdings of the Reporting Person. The RSUs will vest (i) in forty-eight (48) equal monthly installments commencing on the one-month anniversary of September 29, 2014 and (ii) upon separation from service, change in control or six (6) months after the Issuer's initial public offering.
- F2This option is exercisable in forty-eight (48) equal monthly installments commencing on the one-month anniversary of September 29, 2014, provided the Reporting Person continuously provides service to the Issuer through each vesting period.