SEC Form 4 · accession 0001209191-18-061828

SendGrid, Inc. · SEND

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Craig Kaes

Officer — SVP of Engineering

Period of report

Dec 6, 2018

Accepted (ET)

Dec 10, 2018 · 5:17 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
Common Stock	Dec 6, 2018	M	15,391	$2.18	A	15,391	D
Common Stock^F2,F1	Dec 6, 2018	S	400	$41.805	D	14,991	D
Common Stock^F3,F1	Dec 6, 2018	S	2,100	$43.2648	D	12,891	D
Common Stock^F4,F1	Dec 6, 2018	S	3,400	$44.2341	D	9,491	D
Common Stock^F5,F1	Dec 6, 2018	S	7,000	$45.3891	D	2,491	D
Common Stock^F6,F1	Dec 6, 2018	S	2,491	$46.1614	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)^F7	$2.18	Dec 6, 2018	M	15,391	D	—	May 26, 2025	Common Stock	15,391	272,618	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 $41.61 to $41.98, 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.
F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.68 to $43.68, 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.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.77 to $44.74, 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.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.79 to $45.77, 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.
F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.82 to $46.45, 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.
F7This option is exercisable with respect to one quarter (1/4) of the shares of stock which are subject to this option on March 16, 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.