SEC Form 4 · accession 0001209191-19-002894
SendGrid, Inc. · SEND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Tognetti
Officer — SVP, General Counsel and Sec.
Period of report
Jan 4, 2019
Accepted (ET)
Jan 8, 2019 · 6:34 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 4, 2019 | M | 52,207 | $2.79 | A | 217,207 | D | |
| Common Stock | Jan 4, 2019 | M | 33,000 | $1.83 | A | 250,207 | D | |
| Common Stock | Jan 4, 2019 | M | 26,718 | $2.18 | A | 276,925 | 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 | $2.79 | Jan 4, 2019 | M | 52,207 | D | — | Apr 13, 2026 | Common Stock | 52,207 | 28,334 | D |
| Employee Stock Option (Right to Buy)F2 | $1.83 | Jan 4, 2019 | M | 33,000 | D | — | Sep 26, 2024 | Common Stock | 33,000 | 0 | D |
| Employee Stock Option (Right to Buy)F3 | $2.18 | Jan 4, 2019 | M | 26,718 | D | — | May 26, 2025 | Common Stock | 26,718 | 1,782 | 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 April 14, 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.
- F2This option is exercisable in two (2) equal semi-annual installments commencing on the six-month anniversary of September 27, 2014, provided the Reporting Person continuously provides service to the Issuer through each vesting period.
- F3This option is exercisable with respect to one quarter (1/4) of the shares of stock which are subject to this option on April 1, 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.