SEC Form 4 · accession 0001209191-18-024348
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Sloan
Officer — Chief Product Officer
Period of report
Apr 5, 2018
Accepted (ET)
Apr 9, 2018 · 4:39 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 Stock | Apr 5, 2018 | M | 75,500 | $2.46 | A | 75,500 | 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)F1 | $2.46 | Apr 5, 2018 | M | 75,500 | D | — | Dec 7, 2025 | Common Stock | 75,500 | 364,124 | D |
Explanation of responses
- F1This option is exercisable with respect to one quarter (1/4) of the shares of stock which are subject to this option on October 19, 2016 (the "Initial Vesting Date"). The remaining shares become exercisable in thirty-six (36) equal monthly installments commencing one (1) month after the Initial Vesting Date, provided the Reporting Person continuously provides service to the Issuer through each vesting period.