SEC Form 4 · accession 0001023731-17-000009
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren J. Hakeman
Officer — SVP Product and Strategy
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 2:37 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 | 3,502 | $15.25 | A | 45,186 | D | |
| Common Stock | Mar 31, 2017 | M | 3,339 | $15.25 | A | 48,525 | 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 | — | Mar 31, 2017 | M | 3,502 | D | — | — | Common Stock | 3,502 | 113,336 | D |
| Restricted Stock UnitF1,F2 | — | Mar 31, 2017 | F | 3,426 | D | — | — | Common Stock | 3,426 | 109,910 | D |
| Restricted Stock UnitF1,F5 | — | Mar 31, 2017 | E | 172 | D | — | — | Common Stock | 172 | 109,738 | D |
| Restricted Stock UnitF1,F5 | — | Mar 31, 2017 | M | 3,339 | D | — | — | Common Stock | 3,339 | 106,399 | D |
| Restricted Stock UnitF1,F5 | — | Mar 31, 2017 | F | 3,039 | D | — | — | Common Stock | 3,039 | 103,360 | 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 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.
- F3Payment of tax liability by withholding securities incident to vesting of performance restricted stock units.
- F4Performance Restricted Stock Unit shares expired in accordance with the performance criteria.
- F5RSUs vest (1) up to 25% on March 31, 2015; (2) up to 50% on March 31, 2016; and (3) up to 25% on March 31, 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.