SEC Form 4 · accession 0001023731-18-000047
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
Oct 21, 2018
Accepted (ET)
Oct 23, 2018 · 7:59 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 | 35,583 | $0.00 | A | 878,099 | D | |
| Common Stock | Oct 21, 2018 | F | 19,339 | $17.81 | D | 858,760 | D | |
| Common Stock | Oct 21, 2018 | M | 28,893 | $0.00 | A | 887,653 | D | |
| Common Stock | Oct 21, 2018 | F | 15,703 | $17.81 | D | 871,950 | 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 | — | Oct 21, 2018 | M | 35,583 | D | — | Oct 21, 2018 | Common Stock | 35,583 | 418,620 | D |
| Restricted Stock UnitF2,F4 | — | Oct 21, 2018 | M | 28,893 | D | — | Oct 21, 2018 | Common Stock | 28,893 | 389,727 | D |
Explanation of responses
- F1Payment of tax liability by withholding securities incident to vesting of restricted stock units
- F2Each restricted sock 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.
- F4This 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.