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