Filing Details

Accession Number:
0001127602-17-012198
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-17 17:14:22
Reporting Period:
2017-03-15
Filing Date:
2017-03-17
Accepted Time:
2017-03-17 17:14:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1447669 Twilio Inc TWLO Services-Prepackaged Software (7372) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1665731 Lee Kirkpatrick C/O Twilio Inc.
375 Beale Street, Suite 300
San Francisco CA 94105
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2017-03-15 17,292 $0.00 17,292 No 4 C Direct
Class A Common Stock Disposition 2017-03-15 10,000 $30.87 7,292 No 4 S Direct
Class A Common Stock Disposition 2017-03-16 2,757 $31.30 4,535 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class B Common Stock Employee Stock Option (right to buy) Disposition 2017-03-15 10,000 $0.00 10,000 $1.24
Class A Common Stock Class B Common Stock Acquisiton 2017-03-15 10,000 $0.00 10,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2017-03-15 17,292 $0.00 17,292 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
491,076 2022-05-16 No 4 M Direct
131,404 No 4 M Direct
114,112 No 4 C Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class B Common Stock Employee Stock Option (right to buy) $10.09 2025-12-30 175,000 175,000 Direct
Class A Common Stock Employee Stock Option (right to buy) $31.96 2027-02-09 95,056 95,056 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-12-30 175,000 175,000 Direct
2027-02-09 95,056 95,056 Direct
Footnotes
  1. Each share of Class B common stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date.
  2. The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.37 to $31.35 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the reporting person.
  5. 25% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vest in 36 equal monthly installments thereafter, subject to the reporting person's continuous service to the Issuer on each such date. The option is early exercisable by the reporting person.
  6. A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class B common stock.
  7. The shares subject to this option vest in 34 equal monthly installments, with the first installment on May 7, 2012. The option is early exercisable by the reporting person.
  8. The Stock Option ("Option") shall vest as follows: 1/4th of the Option shall vest on January 1, 2018, and 1/48th of the Option shall vest monthly thereafter, subject to continued service to the Issuer on each vesting date.