SEC Form 4 · accession 0001023731-15-000026
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vikram Verma
Officer — Chief Executive Officer
Period of report
Oct 21, 2015
Accepted (ET)
Oct 23, 2015 · 8:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001023731
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 21, 2015 | M | 18,036 | $9.67 | A | 224,237 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF1,F2 | — | Oct 21, 2015 | M | 18,036 | D | — | Oct 21, 2024 | Common Stock | 18,036 | 909,341 | D |
| Restricted Stock UnitF1,F2 | — | Oct 21, 2015 | F | 10,857 | D | — | Oct 21, 2024 | Common Stock | 10,857 | 898,484 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- F2This award vests at the rate of one-fourth of such shares at October 21, 2015, one-fourth of such shares at October 21, 2016, one-fourth of such shares at October 21, 2017 and one-fourth of such shares at October 21, 2018.
- F3Payment of tax liability by withholding securities incident to vesting of restricted stock units.