SEC Form 4 · accession 0001023731-16-000070
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
Sep 22, 2016
Accepted (ET)
Sep 23, 2016 · 4:55 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 | Sep 22, 2016 | J | 20,761 | $15.36 | A | 345,340 | 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 UnitF2,F3 | — | Sep 22, 2016 | J | 20,761 | D | — | Sep 22, 2019 | Common Stock | 20,761 | 976,310 | D |
| Restricted Stock UnitF2,F3 | — | Sep 22, 2016 | F | 18,843 | D | — | Sep 22, 2019 | Common Stock | 18,843 | 957,467 | D |
Explanation of responses
- F120,761 Restricted Stock Units became fully vested and have been converted to Common Stock.
- 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 September 22, 2016, one-fourth of such shares at September 22, 2017, one-fourth of such shares at September 22, 2018 and one-fourth of such shares at September 22, 2019.
- F418,843 Restricted Stock Units became fully vested and have been withheld due to payment of tax liability incident to vesting of Restricted Stock Units.