4//SEC Filing
Tognetti Michael 4
Accession 0001209191-19-006470
CIK 0001477425other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 4:50 PM ET
Size
13.0 KB
Accession
0001209191-19-006470
Insider Transaction Report
Form 4
SendGrid, Inc.SEND
Tognetti Michael
SVP, General Counsel and Sec.
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-02-01−28,334→ 0 totalExercise: $2.79Exp: 2026-04-13→ Common Stock (28,334 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-02-01−40,000→ 0 totalExercise: $12.00Exp: 2027-07-25→ Common Stock (40,000 underlying) - Disposition to Issuer
Common Stock
2019-02-01−197,985→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2019-02-01−1,782→ 0 totalExercise: $2.18Exp: 2025-05-26→ Common Stock (1,782 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger and Reorganization dated as of October 15, 2018, as amended on December 13, 2018 (the "Merger Agreement", and the transactions contemplated therein, the "Merger"), by and among the Issuer, Twilio Inc. ("Twilio") and Topaz Merger Subsidiary, Inc., whereby each share of Issuer common stock was canceled in exchange for 0.485 of a share of Twilio Class A Common Stock, with fractional shares being paid in cash.
- [F2]The option was assumed by Twilio in the Merger and replaced with an option to purchase 864 shares of Twilio Class A Common Stock with an exercise price of $4.49 per share. Following the effective time of the Merger, the 864 unvested shares will vest in equal monthly installments until fully vested on April 1, 2019.
- [F3]The option was assumed by Twilio in the Merger and replaced with an option to purchase 13,742 shares of Twilio Class A Common Stock with an exercise price of $5.75 per share. Following the effective time of the Merger, the 12,879 unvested shares will vest in equal monthly installments until fully vested on April 14, 2020.
- [F4]At the effective time of the Merger, the vesting of 25% of all unvested shares subject to the grant accelerated, with the remaining shares exercisable in nine equal monthly installments commencing on the one-month anniversary of April 1, 2020. The option was assumed by Twilio in the Merger and replaced with an option to purchase 19,399 shares of Twilio Class A Common Stock with an exercise price of $24.74 per share.
Documents
Issuer
SendGrid, Inc.
CIK 0001477425
Entity typeother
Related Parties
1- filerCIK 0001721740
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 4:50 PM ET
- Size
- 13.0 KB