SEC Form 4 · accession 0001023731-17-000008
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Ellen P Genovese
Officer — Chief Financial Officer
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 1:18 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 | Mar 31, 2017 | M | 10,756 | $15.25 | A | 76,732 | 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,F3 | — | Mar 31, 2017 | M | 10,756 | D | — | — | Common Stock | 10,756 | 190,289 | D |
| Restricted Stock UnitF1,F3 | — | Mar 31, 2017 | F | 6,564 | D | — | — | Common Stock | 6,564 | 183,725 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- F2Payment of tax liability by withholding securities incident to vesting of performance restricted stock units.
- F3RSUs vest (1) up to 25% on March 31, 2016; (2) up to 50% on March 31, 2017; and (3) up to 25% on March 31, 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.