SEC Form 4 · accession 0001023731-18-000039

· EGHT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Vikram Verma

Officer — Chief Executive Officer

Period of report

Sep 20, 2018

Accepted (ET)

Sep 24, 2018 · 9:12 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
Common Stock	Sep 20, 2018	M	26,529	$0.00	A	716,106	D
Common Stock	Sep 20, 2018	F	14,418	$21.75	D	701,688	D
Common Stock	Sep 20, 2018	M	89,447	$0.00	A	791,135	D
Common Stock	Sep 20, 2018	F	48,614	$21.75	D	742,521	D
Common Stock	Sep 22, 2018	M	39,604	$0.00	A	782,125	D
Common Stock	Sep 22, 2018	F	21,524	$21.20	D	760,601	D
Common Stock	Sep 22, 2018	M	179,440	$0.00	A	940,041	D
Common Stock	Sep 22, 2018	F	97,525	$21.20	D	842,516	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 Unit^F6,F7	—	Sep 20, 2018	M	26,529	D	—	Sep 20, 2020	Common Stock	26,529	642,803	D
Restricted Stock Unit^F6	—	Sep 20, 2018	J	30,171	A	Sep 20, 2018	Sep 20, 2018	Common Stock	30,171	672,974	D
Restricted Stock Unit^F6,F8	—	Sep 20, 2018	M	89,447	D	—	Sep 20, 2019	Common Stock	89,447	583,527	D
Restricted Stock Unit^F6,F9	—	Sep 22, 2018	M	39,604	D	—	Sep 22, 2019	Common Stock	39,604	543,923	D
Restricted Stock Unit^F6	—	Sep 22, 2018	J	89,720	A	Sep 22, 2018	Sep 22, 2018	Common Stock	89,720	633,643	D
Restricted Stock Unit^F6,F10	—	Sep 22, 2018	M	179,440	D	—	Sep 22, 2018	Common Stock	179,440	454,203	D

Explanation of responses

F126,529 Restricted Stock Units became fully vested and have been converted to Common Stock.
F10As previously reported on a Form 4, the reporting person was awarded 179,440 performance share units (PSUs) on September 22, 2015, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 22, 2018, the second installment of 89,720 PSUs vested at 200.0 % of target, such that 179,440 shares became issuable. Of these shares, 81,915 were issued to the reporting person and the remaining 97,525 were withheld to pay the associated tax liability. The 89,720 units reported in Table II correspond to the additional shares issued in excess of 89,720 share target for the first vesting installment.
F2Payment of tax liability by withholding securities incident to vesting of restricted stock units.
F389,447 Restricted Stock Units became fully vested and have been converted to Common Stock.
F439,604 Restricted Stock Units became fully vested and have been converted to Common Stock.
F5179,440 Restricted Stock Units became fully vested and have been converted to Common Stock.
F6Each restricted sock unit represents a contingent right to receive on share of EGHT common stock.
F7This award vests at the rate of one-fourth of such shares at September 20, 2017, one-fourth of such shares at September 20, 2018, one-fourth of such shares at September 20, 2019 and one-fourth of such shares at September 20, 2020.
F8As previously reported on a Form 4, the reporting person was awarded 118,552 performance share units (PSUs) on September 20, 2016, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 20, 2018, the first installment of 59,276 PSUs vested at 150.9 % of target, such that 89,447 shares became issuable. Of these shares, 40,833 were issued to the reporting person and the remaining 48,614 were withheld to pay the associated tax liability. The 30,171 units reported in Table II correspond to the additional shares issued in excess of 59,276 share target for the first vesting installment.
F9This award vests at the rate of one-fourth of such shares at September 22, 2016, one-fourth of such shares at September 22, 2017, one-fourth of such shares at September 22, 2018 and one-fourth of such shares at September 22, 2019.