SEC Form 4 · accession 0001023731-17-000027
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
Sep 17, 2017
Accepted (ET)
Sep 19, 2017 · 6:15 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 17, 2017 | J | 1,637 | $13.80 | A | 968,995 | 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 | — | Sep 17, 2017 | J | 1,637 | D | — | — | Common Stock | 1,637 | 967,358 | D |
| Restricted Stock UnitF2,F3 | — | Sep 17, 2017 | F | 1,815 | D | — | — | Common Stock | 1,815 | 965,543 | D |
Explanation of responses
- F11,637 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.
- F3RSUs 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.
- F41,815 Restricted stock Units became fully vested and have been withheld due to payment of tax liability incident to vesting of Restricted Stock Units.