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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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
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
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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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	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

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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

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.
The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
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.
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.
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.
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.
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.
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.