SEC Form 4 · accession 0001023731-15-000003

· EGHT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — SVP Global Sales

Period of report

Jan 20, 2015

Accepted (ET)

Jan 21, 2015 · 7:43 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001023731

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F1	$8.93	Jan 20, 2015	A	117,702	A	—	Jan 20, 2025	Common Stock	117,702	117,702	D
Restricted Stock Units^F2,F3	—	Jan 20, 2015	A	34,722	A	—	Jan 20, 2025	Common Stock	34,722	152,424	D
Restricted Stock Units^F2,F4	—	Jan 20, 2015	A	21,381	A	—	Jan 20, 2019	Common Stock	21,381	173,805	D
Restricted Stock Units^F2,F5	—	Jan 20, 2015	A	22,201	A	—	Jun 30, 2018	Common Stock	22,201	196,006	D

F1This option becomes exercisable at the rate of one-fourth of the shares on 1/20/2016 and an additional one thirty-sixth of the remaining shares shall vest at the end of each full month thereafter.
F2Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
F3This award vests at the rate of one-fourth of such shares at January 20, 2016, one-fourth of such shares at January 20, 2017, one-fourth of such shares at January 20, 2018 and one-fourth of such shares at January 20, 2019.
F4RSUs do not vest unless and until average closing price of 8x8 common stock over any 30 consecutive trading day period within 4 years from the grant date exceeds 150% of grant date closing price; then, at rate of 25% on each anniversary of grant date.
F5RSUs vest (1) up to 25% on June 30, 2016; (2) up to 50% on June 30, 2017; and (3) up to 25% on June 30, 2018 in each case subject to performance of 8x8 common stock relative to NASDAQ Composite Index during the period from grant date through such dates.