SEC Form 4 · accession 0001209191-18-035130
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Byron B Deeter
Director
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 4:38 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,F2 | May 31, 2018 | A | 5,651 | $0.00 | A | 5,651 | D | |
| Common StockF3,F4 | holding | — | — | — | 0 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Automatic non-discretionary grant to the Reporting Person of a restricted stock unit ("RSU") under the Issuer's 2017 Equity Incentive Plan (the "Plan") in accordance with the Issuer's non-employee director compensation policy. One hundred percent (100%) of the shares subject to the RSU shall vest on next annual meeting of the Issuer's stockholders following the date of grant, subject to the Reporting Person's continued service on such vesting date.
- F2This filing relates to the grant of RSUs to the Reporting Person pursuant to the Plan, which plan is described in the Issuer's Registration Statement on Form S-1 (333-224121) declared effective by the Securities and Exchange Commission on April 5, 2018. All of the RSU shares are subject to a lock-up agreement between the Reporting Person and certain underwriters.
- F3The Reporting Person has agreed to assign to Deer Management Co. LLC the right to any shares issuable pursuant to this grant or any proceeds from the sale thereof.
- F4Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and Bessemer Venture Partners VIII, L.P. ("BVP VIII", together with BVP VIII Inst referred to collectively, the "Funds"), own 4,333,401 and 3,603,234 shares, respectively, of the Issuer's Common Stock. The Reporting Person is a director of Deer VIII Co. Ltd., which is the general partner of Deer VIII Co. L.P, which is the general partner of each of the Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Funds, 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 Deer VIII Co. Ltd., his interest in Deer VIII Co. L.P. and his indirect limited partnership interest in the Funds.