TWILIO INC — Director's Dealing 2016

Dec 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWILIO INC (TWLO)
CIK: 0001447669
Period of Report: 2016-12-15

Reporting Person: Kirkpatrick Lee (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-15	Class B Common Stock	$	F	3805	Disposed		Class A Common Stock (3805)	Direct
2016-12-16	Employee Stock Option (right to buy)	$1.24	M	25000	Disposed	2022-05-16	Class B Common Stock (25000)	Direct
2016-12-16	Class B Common Stock	$	M	25000	Acquired		Class A Common Stock (25000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$10.09	2025-12-30	Class B Common Stock (175000)	175000	Direct

Footnotes

F1: 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.

F2: 25% of the shares subject to this option vested on May 7, 2013, and the remaining shares subject to this option vest in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service to the Issuer on each such date. The option is early exercisable by the Reporting Person.

F3: The shares subject to this option vest in 34 equal monthly installments, with the first installment on May 7, 2012. The option is early exercisable by the Reporting Person.