SEC Form 4 · accession 0001023731-17-000025
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
Sep 9, 2017
Accepted (ET)
Sep 12, 2017 · 3:36 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 | Sep 9, 2017 | M | 3,329 | $13.75 | A | 52,795 | 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 | — | Sep 9, 2017 | M | 3,329 | D | — | Sep 9, 2017 | Common Stock | 3,329 | 100,031 | D |
| Restricted Stock UnitF1,F2 | — | Sep 9, 2017 | F | 3,021 | D | — | Sep 9, 2017 | Common Stock | 3,021 | 97,010 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- F2RSUs do not vest unless and until 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 rate of 25% on each anniversary of grant date.
- F3Payment of tax liability by withholding securities incident to vesting of restricted stock units.