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Filing Details

Accession Number:: 0000899243-17-026850
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-17 17:50:16
Reporting Period:: 2017-11-17

Accepted Time:: 2017-11-17 17:50:16
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1477425	Sendgrid Inc.	NYSE:SEND	Services-Prepackaged Software (7372)	270654600

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1508900	L.p. Viii Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1508902	L.p. Institutional Viii Partners Venture Bessemer	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1559306	Deer Viii & Co. L.p.	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	No
1559311	Deer Viii & Co. Ltd.	C/O Bessemer Venture Partners 1865 Palmer Avenue, Suite 104 Larchmont NY 10538	No	No	Yes	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	Explanation
Common Stock	Acquisiton	2017-11-17	6,515,215	$0.00	7,311,635	No	4	C	Indirect	See footnotes
Common Stock	Acquisiton	2017-11-17	625,000	$16.00	7,936,635	No	4	P	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnotes
No	4	P	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Preferred Stock	Disposition	2017-11-17	47,111	$0.00	47,111	$0.00
Common Stock	Series A-1 Preferred Stock	Disposition	2017-11-17	16,333	$0.00	16,333	$0.00
Common Stock	Series B Preferred Stock	Disposition	2017-11-17	4,772,724	$0.00	4,772,724	$0.00
Common Stock	Series C Preferred Stock	Disposition	2017-11-17	1,306,620	$0.00	1,306,620	$0.00
Common Stock	Series D Preferred Stock	Disposition	2017-11-17	372,427	$0.00	372,427	$0.00

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
No	4	C	Indirect
No	4	C	Indirect
No	4	C	Indirect
No	4	C	Indirect
No	4	C	Indirect

Footnotes

Represents the total shares received by Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and Bessemer Venture Partners VIII L.P. ("BVP VIII", together with BVP VIII Inst referred to collectively, the "Funds") upon conversion of the Series A Preferred Stock, Series A-1 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock (collectively the "Preferred Stock") upon closing of the Issuer's initial public offering.
The Preferred Stock converted into Common Stock on a one-for-one basis upon the closing of the Issuer's initial public offering without payment of consideration. The Preferred Stock was convertible at any time at the holder's election and automatically upon the closing of the Issuer's initial public offering. The Preferred Stock had no expiration date.
Following the reported transaction, BVP VIII Inst and BVP VIII owned 3,992,151 and 3,319,484 shares of Common Stock, respectively.
Deer VIII & Co. Ltd. ("Deer Ltd.") is the general partner of Deer VIII & Co. L.P. ("Deer L.P."), which is the general partner of BVP VIII Inst and BVP VIII. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Funds.
On November 17, 2017, BVP VIII Inst and BVP VIII purchased 341,250 shares and 283,750 shares, respectively, in the Issuer's initial public offering. Following the reported transaction, BVP VIII Inst and BVP VIII own 4,333,401 and 3,603,234 shares, respectively, of Common Stock.
Prior to the closing, BVP VIII Inst and BVP VIII owned 25,722 shares and 21,389 shares, respectively, of the Series A Preferred Stock.
Prior to the closing, BVP VIII Inst and BVP VIII owned 8,918 shares and 7,415 shares, respectively, of the Series A-1 Preferred Stock.
Prior to the closing, BVP VIII Inst and BVP VIII owned 2,605,907 shares and 2,166,817 shares, respectively, of the Series B Preferred Stock.
Prior to the closing, BVP VIII Inst and BVP VIII owned 713,414 shares and 593,206 shares, respectively, of the Series C Preferred Stock.
Prior to the closing, BVP VIII Inst and BVP VIII owned 203,345 shares and 169,082 shares, respectively, of the Series D Preferred Stock.