Lee Kirkpatrick Form 4 TWILIO / Lee Kirkpatrick ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kirkpatrick Lee

(Last)

(First)

(Middle)

C/O TWILIO INC.

375 BEALE STREET, SUITE 300

(Street)

SAN FRANCISCO

94105

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
TWILIO INC [ TWLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/11/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/11/2018		C		15,644	A	$0	139,541⁽¹⁾	D
Class A Common Stock	01/16/2018		C		7,000	A	$0	146,541⁽¹⁾	D
Class A Common Stock	01/16/2018		S⁽²⁾		5,000	D	$25.6591⁽³⁾	141,541⁽¹⁾	D
Class A Common Stock	01/16/2018		S⁽²⁾		2,000	D	$26.4657⁽⁴⁾	139,541⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$1.24	01/11/2018		M			15,644	⁽⁵⁾	05/16/2022	Class B Common Stock⁽⁶⁾	15,644	$0	371,432	D
Class B Common Stock⁽⁶⁾	⁽⁶⁾	01/11/2018		M		15,644		⁽⁶⁾	⁽⁶⁾	Class A Common Stock	15,644	$0	62,834⁽⁷⁾	D
Class B Common Stock⁽⁶⁾	⁽⁶⁾	01/11/2018		C			15,644	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	15,644	$0	47,190⁽⁷⁾	D
Employee Stock Option (right to buy)	$1.24	01/16/2018		M			7,000	⁽⁵⁾	05/16/2022	Class B Common Stock⁽⁶⁾	7,000	$0	364,432	D
Class B Common Stock⁽⁶⁾	⁽⁶⁾	01/16/2018		M		7,000		⁽⁶⁾	⁽⁶⁾	Class A Common Stock	7,000	$0	54,190⁽⁷⁾	D
Class B Common Stock⁽⁶⁾	⁽⁶⁾	01/16/2018		C			7,000	⁽⁶⁾	⁽⁶⁾	Class A Common Stock	7,000	$0	47,190⁽⁷⁾	D
Employee Stock Option (right to buy)	$10.09							⁽⁸⁾	12/30/2025	Class B Common Stock⁽⁶⁾	175,000		175,000	D
Employee Stock Option (right to buy)	$31.96							⁽⁹⁾	02/09/2027	Class A Common Stock	95,056		95,056	D

Explanation of Responses:

1. 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.

2. The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.20 to $26.14 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.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.28 to $26.75 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.

5. The option is fully vested and exercisable by the reporting person.

6. 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.

7. A portion of these shares represent Restricted Stock Units ("RSU's). Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock.

8. The shares subject to this option vest in 34 equal monthly installments, with the first installment on July 15, 2016. The option is early exercisable by the reporting person.

9. The Stock Option ("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 continued service to the Issuer on each vesting date.

	/s/ Alexis Rhorer as attorney in fact for Reporting Person	01/16/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Lee Kirkpatrick Form 4TWILIO / Lee Kirkpatrick ownership change