SEC Form 4 · accession 0001209191-19-002667
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yancey L. Spruill
Officer — CFO, COO and Treasurer
Period of report
Jan 3, 2019
Accepted (ET)
Jan 7, 2019 · 8:33 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 3, 2019 | M | 46,948 | $2.18 | A | 140,844 | 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 | $2.18 | Jan 3, 2019 | M | 46,948 | D | — | Jun 26, 2025 | Common Stock | 46,948 | 386,017 | 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 June 24, 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.