Viswanath Sri 4
4 · SendGrid, Inc. · Filed Feb 1, 2019
Insider Transaction Report
Form 4
SendGrid, Inc.SEND
Viswanath Sri
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2019-02-01−30,000→ 0 totalExercise: $12.72From: 2018-10-02Exp: 2027-10-01→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
2019-02-01−5,651→ 0 total
Footnotes (3)
- [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]At the effective time of the Merger, the 5,651 restricted stock units (each an "RSU") held by the Reporting Person were cancelled and converted into a right to receive 2,740 fully-vested shares of Twilio Class A Common Stock.
- [F3]At the effective time of the Merger, the vesting of all unvested shares subject to the grant fully accelerated. The option was cancelled and converted into a right to receive 10,890 shares of Twilio Class A Common Stock.