SEC Form 4 · accession 0001023731-16-000049
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Puneet Arora
Officer — SVP Global Sales
Period of report
Jul 18, 2016
Accepted (ET)
Jul 19, 2016 · 12:59 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 | Jul 18, 2016 | M | 3,465 | $15.18 | A | 15,483 | 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 UnitsF1,F2 | — | Jul 18, 2016 | M | 3,465 | D | — | Jun 30, 2018 | Common Stock | 3,465 | 111,961 | D |
| Restricted Stock UnitsF1,F2 | — | Jul 18, 2016 | F | 2,085 | D | — | Jun 30, 2018 | Common Stock | 2,085 | 109,876 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- F2RSUs 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.
- F3Payment of tax liability by withholding securities incident to vesting of restricted stock units.