Filing Details

Accession Number:
0001127602-18-027970
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-09-18 20:47:11
Reporting Period:
2018-09-14
Accepted Time:
2018-09-18 20:47:11
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 2018-09-14 14,000 $0.00 72,757 No 4 C Direct
Class A Common Stock Disposition 2018-09-14 5,324 $86.27 67,433 No 4 S Direct
Class A Common Stock Disposition 2018-09-14 8,676 $87.07 58,757 No 4 S Direct
Class A Common Stock Acquisiton 2018-09-17 9,332 $0.00 68,089 No 4 C Direct
Class A Common Stock Disposition 2018-09-17 3,636 $87.01 64,453 No 4 S Direct
Class A Common Stock Disposition 2018-09-17 5,696 $0.00 58,757 No 5 G Direct
Class A Common Stock Acquisiton 2018-09-17 5,696 $0.00 92,548 No 5 G Indirect By The Kirkpatrick Family Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 C Direct
No 4 S Direct
No 5 G Direct
No 5 G Indirect By The Kirkpatrick Family Trust
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 2018-09-14 14,000 $0.00 14,000 $1.24
Class A Common Stock Class B Common Stock Acquisiton 2018-09-14 14,000 $0.00 14,000 $0.00
Class A Common Stock Class B Common Stock Disposition 2018-09-14 14,000 $0.00 14,000 $0.00
Class B Common Stock Employee Stock Option (right to buy) Disposition 2018-09-17 2,040 $0.00 2,040 $10.09
Class A Common Stock Class B Common Stock Acquisiton 2018-09-17 2,040 $0.00 2,040 $0.00
Class A Common Stock Class B Common Stock Disposition 2018-09-17 9,332 $0.00 9,332 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
255,432 2022-05-16 No 4 M Direct
46,607 No 4 M Direct
32,607 No 4 C Direct
167,131 2025-12-30 No 4 M Direct
34,647 No 4 M Direct
25,315 No 4 C Direct
Footnotes
  1. A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.
  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 $85.61 to $86.6050 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.61 to $87.47 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.
  5. Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. 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.
  6. Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.
  7. Represents the shares received by the Reporting Person's trust.
  8. The Kirkpatrick Family Trust, established 9/28/1999.
  9. 25% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vested in 36 equal monthly installments thereafter. The option is fully vested and exercisable by the Reporting Person.
  10. 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.
  11. A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.
  12. The shares subject to this option vest in 34 equal monthly installments, with the first installment on July 15, 2016, subject to the Reporting Person's continuous service to the Issuer on each vesting date. The shares subject to this option are early exercisable by the Reporting Person.
  13. A portion of these shares represent the vesting of RSUs that were converted into shares of Class A common stock in order to effect a sell-to-cover transaction.