SEC Form 4 · accession 0001023731-17-000001
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
Jan 12, 2017
Accepted (ET)
Jan 13, 2017 · 3:46 pm EST
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 | Jan 12, 2017 | J | 4,976 | $15.40 | A | 26,253 | 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 | — | Jan 12, 2017 | J | 4,976 | D | — | Jan 12, 2019 | Common Stock | 4,976 | 137,418 | D |
| Restricted Stock UnitF2,F3 | — | Jan 12, 2017 | F | 3,705 | D | — | Jan 12, 2019 | Common Stock | 3,705 | 133,713 | D |
Explanation of responses
- F14,976 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 January 12, 2016, one-fourth of such shares at January 12,2017, one-fourth of such shares at January 12, 2018 and one-fourth of such shares at January 12, 2019.
- F43,705 Restricted Stock Units became fully vested and have been withheld due to payment of tax liability incident to vesting of Restricted Stock Units.