4//SEC Filing
Kirkpatrick Lee 4
Accession 0001127602-18-030565
CIK 0001447669other
Filed
Oct 16, 8:00 PM ET
Accepted
Oct 17, 8:09 PM ET
Size
23.9 KB
Accession
0001127602-18-030565
Insider Transaction Report
Form 4
TWILIO INCTWLO
Kirkpatrick Lee
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
2018-10-15+14,000→ 44,582 total - Exercise/Conversion
Employee Stock Option (right to buy)
2018-10-15−14,000→ 241,432 totalExercise: $1.24Exp: 2022-05-16→ Class B Common Stock (14,000 underlying) - Sale
Class A Common Stock
2018-10-15$74.78/sh−2,800$209,383→ 38,894 total - Sale
Class A Common Stock
2018-10-15$73.77/sh−2,888$213,052→ 41,694 total - Sale
Class A Common Stock
2018-10-15$75.97/sh−4,886$371,172→ 34,008 total - Conversion
Class B Common Stock
2018-10-15−14,000→ 21,875 total→ Class A Common Stock (14,000 underlying) - Sale
Class A Common Stock
2018-10-15$76.60/sh−3,426$262,445→ 30,582 total - Exercise/Conversion
Class B Common Stock
2018-10-15+14,000→ 35,875 total→ Class A Common Stock (14,000 underlying)
Holdings
- 167,131
Employee Stock Option (right to buy)
Exercise: $10.09Exp: 2025-12-30→ Class B Common Stock (167,131 underlying) - 124,163(indirect: By Trust)
Class A Common Stock
- 95,056
Employee Stock Option (right to buy)
Exercise: $31.96Exp: 2027-02-09→ Class A Common Stock (95,056 underlying)
Footnotes (12)
- [F1]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.
- [F10]A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.
- [F11]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.
- [F12]The stock option vests 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 the Reporting Person's continued service to the Issuer on each vesting date.
- [F2]The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.26 to $74.24 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.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.33 to $75.31 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.
- [F5]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.33 to $76.31 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.
- [F6]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.33 to $77.07 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.
- [F7]The Kirkpatrick Family Trust, established 9/28/1999.
- [F8]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.
- [F9]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.
Documents
Issuer
TWILIO INC
CIK 0001447669
Entity typeother
Related Parties
1- filerCIK 0001665731
Filing Metadata
- Form type
- 4
- Filed
- Oct 16, 8:00 PM ET
- Accepted
- Oct 17, 8:09 PM ET
- Size
- 23.9 KB