SEC Form 4 · accession 0001023731-18-000033
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vikram Verma
Officer — Chief Executive Officer
Period of report
Sep 19, 2018
Accepted (ET)
Sep 21, 2018 · 7:40 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 StockF2 | Sep 19, 2018 | M | 30,031 | $0.00 | A | 705,898 | D | |
| Common Stock | Sep 19, 2018 | F | 16,321 | $21.50 | D | 689,577 | 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 UnitF4,F5 | — | Sep 19, 2018 | M | 30,031 | D | — | Sep 19, 2021 | Common Stock | 30,031 | 669,332 | D |
Explanation of responses
- F130,031 Restricted Stock Units became fully vested and have been converted to Common Stock.
- F2Includes 680 shares purchased on July 31, 2018 pursuant to the company's Employee Stock Purchase Plan (ESPP).
- F3Payment of tax liability by withholding securities incident to vesting of restricted stock units.
- F4Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- F5This award vests at the rate of one-fourth of such shares at September 19, 2018, one-fourth of such shares at September 19, 2019, one-fourth of such shares at September 19, 2020 and one-fourth of such shares at September 19, 2021.