4//SEC Filing
Money Patricia J 4
Accession 0001209191-19-006450
CIK 0001477425other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 4:40 PM ET
Size
10.6 KB
Accession
0001209191-19-006450
Insider Transaction Report
Form 4
SendGrid, Inc.SEND
Money Patricia J
Chief People Officer
Transactions
- Disposition to Issuer
Common Stock
2019-02-01−53,376→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-02-01−10,000→ 0 totalExercise: $12.00Exp: 2027-07-25→ Common Stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-02-01−153,494→ 0 totalExercise: $4.24Exp: 2026-10-31→ Common Stock (153,494 underlying)
Footnotes (4)
- [F1]Includes 990 shares acquired under the SendGrid, Inc. 2017 Employee Stock Purchase Plan on January 18, 2019.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization dated as of October 15, 2018, as amended on December 13, 2018 (the "Merger Agreement", and the transactions contemplated therein, the "Merger"), by and among the Issuer, Twilio Inc. ("Twilio") and Topaz Merger Subsidiary, Inc., whereby each share of Issuer common stock was canceled in exchange for 0.485 of a share of Twilio Class A Common Stock, with fractional shares being paid in cash.
- [F3]The option was assumed by Twilio in the Merger and replaced with an option to purchase 74,445 shares of Twilio Class A Common Stock with an exercise price of $8.74 per share. Following the effective time of the Merger, the 47,394 unvested shares will vest in equal monthly installments until fully vested on October 3, 2020.
- [F4]At the effective time of the Merger, the vesting of 25% of all unvested shares subject to the grant accelerated, with the remaining shares exercisable in three equal monthly installments commencing on the one-month anniversary of October 1, 2020. The option was assumed by Twilio in the Merger and replaced with an option to purchase 4,849 shares of Twilio Class A Common Stock with an exercise price of $24.74 per share.
Documents
Issuer
SendGrid, Inc.
CIK 0001477425
Entity typeother
Related Parties
1- filerCIK 0001390871
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 4:40 PM ET
- Size
- 10.6 KB