Filing Details
- Accession Number:
- 0001127602-18-027970
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-09-18 20:47:11
- Reporting Period:
- 2018-09-14
- Accepted Time:
- 2018-09-18 20:47:11
- 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
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Acquisiton | 2018-09-14 | 14,000 | $0.00 | 72,757 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2018-09-14 | 5,324 | $86.27 | 67,433 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-09-14 | 8,676 | $87.07 | 58,757 | No | 4 | S | Direct | |
| Class A Common Stock | Acquisiton | 2018-09-17 | 9,332 | $0.00 | 68,089 | No | 4 | C | Direct | |
| Class A Common Stock | Disposition | 2018-09-17 | 3,636 | $87.01 | 64,453 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2018-09-17 | 5,696 | $0.00 | 58,757 | No | 5 | G | Direct | |
| Class A Common Stock | Acquisiton | 2018-09-17 | 5,696 | $0.00 | 92,548 | No | 5 | G | Indirect | By The Kirkpatrick Family Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 5 | G | Direct | |
| No | 5 | G | Indirect | By The Kirkpatrick Family Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class B Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-09-14 | 14,000 | $0.00 | 14,000 | $1.24 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2018-09-14 | 14,000 | $0.00 | 14,000 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2018-09-14 | 14,000 | $0.00 | 14,000 | $0.00 |
| Class B Common Stock | Employee Stock Option (right to buy) | Disposition | 2018-09-17 | 2,040 | $0.00 | 2,040 | $10.09 |
| Class A Common Stock | Class B Common Stock | Acquisiton | 2018-09-17 | 2,040 | $0.00 | 2,040 | $0.00 |
| Class A Common Stock | Class B Common Stock | Disposition | 2018-09-17 | 9,332 | $0.00 | 9,332 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 255,432 | 2022-05-16 | No | 4 | M | Direct | |
| 46,607 | No | 4 | M | Direct | ||
| 32,607 | No | 4 | C | Direct | ||
| 167,131 | 2025-12-30 | No | 4 | M | Direct | |
| 34,647 | No | 4 | M | Direct | ||
| 25,315 | No | 4 | C | Direct |
Footnotes
- 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.
- 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 $85.61 to $86.6050 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 $86.61 to $87.47 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 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.
- 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.
- 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.
- A portion of these shares represent the vesting of RSUs that were converted into shares of Class A common stock in order to effect a sell-to-cover transaction.
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