Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-18-033243
Date:2018-11-13
Issuer: TWILIO INC (TWLO)
Original Submission Date:

Reporting Person:

HU GEORGE
C/O TWILIO INC.
375 BEALE STREET, SUITE 300 SAN FRANCISCO, CA 94105

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2018-11-13 M 5,000 a $31.72 200,150 direct
CLASS A COMMON STOCK 2018-11-13 S 2,497 d $84.45 197,653 direct
CLASS A COMMON STOCK 2018-11-13 S 1,903 d $85.47 195,750 direct
CLASS A COMMON STOCK 2018-11-13 S 400 d $86.73 195,350 direct
CLASS A COMMON STOCK 2018-11-13 S 200 d $87.40 195,150 direct
CLASS A COMMON STOCK 2018-11-14 M 5,000 a $31.72 200,150 direct
CLASS A COMMON STOCK 2018-11-14 S 700 d $83.49 199,450 direct
CLASS A COMMON STOCK 2018-11-14 S 2,100 d $84.58 197,350 direct
CLASS A COMMON STOCK 2018-11-14 S 1,700 d $85.41 195,650 direct
CLASS A COMMON STOCK 2018-11-14 S 400 d $86.40 195,250 direct
CLASS A COMMON STOCK 2018-11-14 S 100 d $87.27 195,150 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 31.72 2018-11-13 deemed execution date M 5,000 (d) 2024-02-27 class a common stock 5,000 $31.72 752,600 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 31.72 2018-11-14 deemed execution date M 5,000 (d) 2024-02-27 class a common stock 5,000 $31.72 747,600 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 31.72 2018-11-13 deemed execution date 0 ( ) 2024-02-27 class a common stock 185,000 $31.72 185,000 direct
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 33.01 2018-11-13 deemed execution date 0 ( ) 2028-02-19 class a common stock 96,214 $33.01 96,214 direct
Footnotes
IDfootnote
f1 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.
f2 the sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
f3 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $83.94 to $84.92 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.
f4 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $85.16 to $85.96 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.
f5 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $86.19 to $87.18 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.
f6 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $87.33 to $87.46 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.
f7 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $82.97 to $83.89 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.
f8 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $84.00 to $84.97 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.
f9 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $85.01 to $85.99 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.
f10 the reported price in column 4 is a weighted average price. these shares were sold in multiple transactions at prices ranging from $86.05 to $86.875 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.
f11 the shares subject to the stock option vest as follows: 25% of the stock option vested on february 28, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following three years, subject to the reporting person's continued service to the issuer through each vesting date.
f12 the shares subject to the stock option vest as follows: 50% of the stock option vested on march 31, 2018 and the remaining shares subject to the stock option shall vest in 24 equal monthly installments thereafter, subject to the reporting person's continued service to the issuer through each vesting date.
f13 the shares subject to the stock option vest as follows: 1/48th of the shares vested on march 15, 2018 and the remaining shares subject to the stock option shall vest in equal monthly installments over the following four years, subject to the reporting person's continued service to the issuer through each vesting date.
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