SEC Form 4 · accession 0001023731-16-000082
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 11, 2016
Accepted (ET)
Oct 13, 2016 · 7:33 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 11, 2016 | M | 35,748 | $14.61 | A | 381,088 | 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,F3 | — | Oct 11, 2016 | M | 35,748 | D | — | — | Common Stock | 35,748 | 921,719 | D |
| Restricted Stock UnitF1,F2,F3 | — | Oct 11, 2016 | F | 41,877 | D | — | — | Common Stock | 41,877 | 879,842 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive on share of EGHT common stock.
- F2RSUs do not vest unless and until the 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 a rate of 25% on each anniversary of grant date.
- F3RSUs vest (1) up to 25% on September 9, 2014; (2) up to 25% on September 9, 2015; (3) up to 25% on September 9, 2016; (4) up to 25% on September 9, 2017 in each case subject to performance of 8x8 common stock relative to NASDAQ Composite Index during the period from grant date through such dates.
- F4Payment of tax liability by withholding securities incident to vesting of restricted stock units.