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Filing Details

Accession Number:: 0001447669-20-000182
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-17 18:24:48
Reporting Period:: 2020-09-15

Accepted Time:: 2020-09-17 18:24:48
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
1665730	Karyn Smith	C/O Twilio Inc. 101 Spear Street, First Floor San Francisco CA 94105	General Counsel And Secretary	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	2020-09-15	1,283	$33.01	40,659	No	4	M	Direct
Class A Common Stock	Acquisiton	2020-09-15	1,517	$31.96	42,176	No	4	M	Direct
Class A Common Stock	Disposition	2020-09-15	2,800	$228.29	39,376	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	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)	Disposition	2020-09-15	1,283	$0.00	1,283	$33.01
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2020-09-15	1,517	$0.00	1,517	$31.96

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
21,809		2028-02-19	No	4	M	Direct
13,526		2027-02-09	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	5,101	Indirect	By The Karyn Smith Revocable Trust

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)	$117.94		2030-02-21	22,933	22,933	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$111.32		2029-01-30	27,060	27,060	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2030-02-21	22,933	22,933	Direct
2029-01-30	27,060	27,060	Direct

Footnotes

A portion of these shares represent Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer's Class A common stock.
The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
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 continued service to the Issuer through each vesting date.
This option shall vest 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 through each vesting date.
The stock option shall vest as follows: 33% of the stock option shall vest in equal quarterly installments between the first and second anniversaries of December 31, 2019, 33% of the stock option shall vest in equal quarterly installments between the second and third anniversaries of December 31, 2019 and 34% of stock option shall vest in equal quarterly installments between the third and fourth anniversaries of December 31, 2019, subject to the Reporting Person's continued service to the Issuer through each vesting date.
The stock option shall vest as follows: 33% of the stock option shall vest on December 31, 2020, 33% of the stock option shall vest on December 31, 2021 and 34% of the stock option shall vest on December 31, 2022, subject to the Reporting Person's continued service to the Issuer through each vesting date.