Home > Insider Trading > Filing (0001127602-18-025727)

Filing Details

Accession Number:: 0001127602-18-025727
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-08-17 19:16:00
Reporting Period:: 2018-08-15

Accepted Time:: 2018-08-17 19:16:00
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	Explanation
Class A Common Stock	Disposition	2018-08-15	1,635	$73.71	60,286	No	4	S	Direct
Class A Common Stock	Disposition	2018-08-15	1,529	$0.00	58,757	No	5	G	Direct
Class A Common Stock	Acquisiton	2018-08-15	1,529	$0.00	86,852	No	5	G	Indirect	By The Kirkpatrick Family Trust
Class A Common Stock	Acquisiton	2018-08-16	14,000	$0.00	72,757	No	4	C	Direct
Class A Common Stock	Disposition	2018-08-16	13,800	$75.77	58,957	No	4	S	Direct
Class A Common Stock	Disposition	2018-08-16	200	$76.48	58,757	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	5	G	Direct
No	5	G	Indirect	By The Kirkpatrick Family Trust
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	2018-08-16	14,000	$0.00	14,000	$1.24
Class A Common Stock	Class B Common Stock	Acquisiton	2018-08-16	14,000	$0.00	14,000	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2018-08-16	14,000	$0.00	14,000	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
269,432	2022-05-16	No	4	M	Direct
46,607		No	4	M	Direct
32,607		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	169,171	169,171	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	169,171	169,171	Direct
2027-02-09	95,056	95,056	Direct

Footnotes

Represents the number of shares sold to cover the statutory tax withholding obligations in connection with the vesting of RSUs. 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.68 to $74.666 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.
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.
Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.
Represents the shares received by the Reporting Person's trust.
The Kirkpatrick Family Trust, established 9/28/1999.
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 $75.33 to $76.16 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 $76.40 to $76.55 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.
25% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vested in 36 equal monthly installments thereafter. The option is fully vested and exercisable by the Reporting Person.
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.
A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.
The shares subject to this option vest in 34 equal monthly installments, with the first installment on July 15, 2016, subject to the Reporting Person's continuous service to the Issuer on each vesting date. The shares subject to this option are early exercisable by the Reporting Person.
The stock option vests 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 the Reporting Person's continued service to the Issuer on each vesting date.