0001447669-20-000162.txt : 20200819
0001447669-20-000162.hdr.sgml : 20200819
20200819174850
ACCESSION NUMBER: 0001447669-20-000162
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200817
FILED AS OF DATE: 20200819
DATE AS OF CHANGE: 20200819
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith Karyn
CENTRAL INDEX KEY: 0001665730
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37806
FILM NUMBER: 201118016
MAIL ADDRESS:
STREET 1: TWILIO INC
STREET 2: 645 HARRISON STREET THIRD FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TWILIO INC
CENTRAL INDEX KEY: 0001447669
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 375 BEALE ST
STREET 2: SUITE 300
CITY: San Francisco
STATE: CA
ZIP: 94105
BUSINESS PHONE: 650-270-2199
MAIL ADDRESS:
STREET 1: 375 BEALE ST
STREET 2: SUITE 300
CITY: San Francisco
STATE: CA
ZIP: 94105
4
1
wf-form4_159787371513910.xml
FORM 4
X0306
4
2020-08-17
0
0001447669
TWILIO INC
TWLO
0001665730
Smith Karyn
C/O TWILIO INC.
101 SPEAR STREET, FIRST FLOOR
SAN FRANCISCO
CA
94105
0
1
0
0
General Counsel and Secretary
Class A Common Stock
2020-08-17
4
G
0
1709
0
D
41556
D
Class A Common Stock
2020-08-17
4
G
0
1709
0
A
6810
I
By The Karyn Smith Revocable Trust
Class A Common Stock
2020-08-17
4
S
0
2180
246.4609
D
39376
D
Class A Common Stock
2020-08-17
4
M
0
937
31.96
A
40313
D
Class A Common Stock
2020-08-17
4
M
0
1863
33.01
A
42176
D
Class A Common Stock
2020-08-17
4
S
0
2800
243.54
D
39376
D
Employee Stock Option (right to buy)
33.01
2020-08-17
4
M
0
1863
0
D
2028-02-19
Class A Common Stock
1863.0
23092
D
Employee Stock Option (right to buy)
31.96
2020-08-17
4
M
0
937
0
D
2027-02-09
Class A Common Stock
937.0
15043
D
Employee Stock Option (right to buy)
117.94
2030-02-21
Class A Common Stock
22933.0
22933
D
Employee Stock Option (right to buy)
111.32
2029-01-30
Class A Common Stock
27060.0
27060
D
Represents shares that were contributed by the Reporting Person to the Reporting Person's trust.
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.
Represents the shares received by the Reporting Person's trust.
The Karyn Smith Revocable Trust U/A/D 9/15/06 Amended 12/23/11, Karyn Smith Trustee.
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 $246.375 to $246.595 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 sales reported were effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
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.
/s/ Shanti Ariker as attorney in fact for Reporting Person
2020-08-19