SEC Form 4 · accession 0001023731-18-000042
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ian Potter
Director
Period of report
Oct 21, 2018
Accepted (ET)
Oct 23, 2018 · 5:16 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 | Oct 21, 2018 | M | 8,328 | $0.00 | A | 97,354 | D | |
| Common Stock | Oct 22, 2018 | S | 1,690 | $18.352 | D | 95,664 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | — | Oct 21, 2018 | M | 8,328 | A | — | Oct 21, 2018 | Common Stock | 8,328 | 0 | D |
Explanation of responses
- F1Payment of tax liability by selling securities incident to vesting of performance restricted stock units.
- F2Each restricted sock unit represents a contingent right to receive one share of EGHT common stock.
- F3This award vests at the rate of one-fourth of such shares at October 21, 2015, one-fourth of such shares at October 21, 2016, one-fourth of such shares at October 21, 2017 and one-fourth of such shares at October 21, 2018.