SEC Form 4 · accession 0001023731-18-000048
8X8 INC /DE/ · EGHT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren J. Hakeman
Officer — SVP-Strategy,Analytics&CorpDev
Period of report
Oct 21, 2018
Accepted (ET)
Oct 23, 2018 · 8:42 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 | 3,336 | $0.00 | A | 87,488 | D | |
| Common Stock | Oct 21, 2018 | F | 1,653 | $17.81 | D | 85,835 | 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 | 3,336 | D | — | Oct 21, 2018 | Common Stock | 3,336 | 75,983 | 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.