SEC Form 4 · accession 0001209191-18-045924
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia J Money
Officer — Chief People Officer
Period of report
Aug 8, 2018
Accepted (ET)
Aug 8, 2018 · 6:56 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 | Aug 8, 2018 | M | 15,000 | $4.24 | A | 15,000 | D | |
| Common StockF2,F1 | Aug 8, 2018 | S | 15,000 | $30.019 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $4.24 | Aug 8, 2018 | M | 15,000 | D | — | Oct 31, 2026 | Common Stock | 15,000 | 208,380 | D |
Explanation of responses
- F1The shares of Common Stock were sold pursuant to a 10b5-1 plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.14, inclusive. The reporting person undertakes to provide to the issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote to this Form 4.
- F3This option is exercisable with respect to one quarter (1/4) of the shares of stock which are subject to this option on October 3, 2017 (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.