SEC Form 4 · accession 0001023731-17-000010
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan R Martin
Officer — Chief Technology Officer
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 4:28 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 | 1,602 | $15.25 | A | 974,421 | D | |
| Common Stock | Mar 31, 2017 | M | 3,286 | $15.25 | A | 977,707 | 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 | 1,602 | D | — | — | Common Stock | 1,602 | 971,217 | D |
| Restricted Stock UnitF1,F2 | — | Mar 31, 2017 | F | 1,787 | D | — | — | Common Stock | 1,787 | 969,430 | D |
| Restricted Stock UnitF1,F2 | — | Mar 31, 2017 | E | 167 | D | — | — | Common Stock | 167 | 969,263 | D |
| Restricted Stock UnitF1,F5 | — | Mar 31, 2017 | M | 3,286 | D | — | — | Common Stock | 3,286 | 965,977 | D |
| Restricted Stock UnitF1,F5 | — | Mar 31, 2017 | F | 3,642 | D | — | — | Common Stock | 3,642 | 962,335 | 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, 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.
- 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, 2016; (2) up tom 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.