TWILIO INC — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TWILIO INC (TWLO)
CIK: 0001447669
Period of Report: 2017-02-10

Reporting Person: Lawson Jeff (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-10	Restricted Stock Units	A	87271	—	Acquired	87271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Employee Stock Option (right to buy)	$31.96	A	163890	Acquired	2027-02-09	Class A Common Stock (163890)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock. The RSUs shall vest as follows: 13/48th of the RSUs shall vest on February 15, 2018, after which 1/16th of the RSUs shall vest each quarter over then next 11 quarters, and 1/24th of the RSUs shall vest in the final quarter, subject to continued service to the Issuer on each vesting date.

F2: 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 through each vesting date.