Filing Details

Accession Number:
0001127602-18-021654
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-06-20 19:56:36
Reporting Period:
2018-06-18
Accepted Time:
2018-06-20 19:56:36
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2018-06-18 5,000 $31.72 215,420 No 4 M Direct
Class A Common Stock Disposition 2018-06-18 5,000 $60.02 210,420 No 4 S Direct
Class A Common Stock Acquisiton 2018-06-19 1,886 $31.72 212,306 No 4 M Direct
Class A Common Stock Disposition 2018-06-19 1,786 $60.26 210,520 No 4 S Direct
Class A Common Stock Disposition 2018-06-19 100 $61.22 210,420 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Employee Stock Option (right to buy) Disposition 2018-06-18 5,000 $0.00 5,000 $31.72
Class A Common Stock Employee Stock Option (right to buy) Disposition 2018-06-19 1,886 $0.00 1,886 $31.72
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
875,500 2024-02-27 No 4 M Direct
873,614 2024-02-27 No 4 M Direct
Reported Derivative Holdings
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 2024-02-27 185,000 185,000 Direct
Class A Common Stock Employee Stock Option (right to buy) $33.01 2028-02-19 96,214 96,214 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-02-27 185,000 185,000 Direct
2028-02-19 96,214 96,214 Direct
Footnotes
  1. 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.
  2. The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.11 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.
  4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.94 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.
  5. The shares subject to the stock option vest as follows: 25% of of the stock option vested on February 28, 2018 and the remaining shares subject to the stock 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.
  6. The shares subject to the stock option vest as follows: 50% of the stock option vested on March 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the Reporting Person's continued service to the Issuer through each vesting date.
  7. The shares subject to the stock option vest as follows: 1/48th of the shares vested on March 15, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following four years, subject to the Reporting Person's continued service to the Issuer through each vesting date.