SEC Form 4 · accession 0001023731-18-000065
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 31, 2018
Accepted (ET)
Nov 2, 2018 · 7:52 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,F3 | Oct 31, 2018 | A | 4,322 | $0.00 | A | 882,002 | I | Trust |
| Common StockF2,F3 | Oct 31, 2018 | F | 2,349 | $17.19 | D | 879,653 | I | Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting person elected to receive quarterly bonus payment in stock, as authorized by the issuer's compensation committee. Number of shares was determined by dividing bonus amount by the stock closing price on October 31, 2018. Shares vest immediately.
- F2Prior Form 4 reports filed by the Reporting Person have calculated this figure as the sum of shares owned both directly and indirectly. The amount of direct holdings is 197,444 and remainder is indirect holdings.
- F3Through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended.
- F4Payment of tax liability by withholding securities incident to vesting of restricted stock units.