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Filing Details

Accession Number:: 0001127602-18-007871
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-22 20:44:18
Reporting Period:: 2018-02-20

Accepted Time:: 2018-02-22 20:44:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1447669	Twilio Inc	TWLO	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1386396	George Hu	C/O Twilio Inc. 375 Beale Street, Suite 300 San Francisco CA 94105	Chief Operating 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	2018-02-20	96,214	$0.00	188,398	No	4	A	Direct
Class A Common Stock	Acquisiton	2018-02-21	48,107	$0.00	236,505	No	4	A	Direct
Class A Common Stock	Disposition	2018-02-21	15,580	$33.37	220,925	No	4	S	Direct
Class A Common Stock	Disposition	2018-02-21	600	$33.69	220,325	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	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 A Common Stock	Employee Stock Option (right to buy)	Acquisiton	2018-02-20	96,214	$0.00	96,214	$33.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
96,214		2028-02-19	No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Employee Stock Option (right to buy)	$31.72		2024-02-27	900,000	900,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2024-02-27	900,000	900,000	Direct

Footnotes

The shares reported in this transaction represent Restricted Stock Units ("RSUs"). The RSUs vest as follows: 1/16th of the RSUs shall vest on May 15, 2018, and 1/16th of the RSUs shall vest each quarter thereafter on August 15, November 15, February 15 and May 15, as applicable, for the next 15 quarters, subject to the Reporting Person's continued Service to the Issuer through each vesting date.
A portion of these shares represent RSUs. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock.
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 $32.66 to $33.65 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.66 to $33.74 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.
The shares subject to this option vest in 48 equal monthly installments, with the first installment on March 15, 2018, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
The shares subject to this option vest as follows: 25% of of the option shall vest on February 28, 2018 and the remaining option shall vest in equal monthly installments over the following three years, subject to the Reporting Person's continued service to the Issuer through each vesting date.