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8X8 INC /DE/ — Director's Dealing 2018
Oct 24, 2018
33287_dirs_2018-10-23_246f67e8-fdf3-4626-b533-e6792c95c936.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: 8X8 INC /DE/ (EGHT)
CIK: 0001023731
Period of Report: 2018-10-21
Reporting Person: Verma Vikram (Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-10-21 | Common Stock | M | 35583 | — | Acquired | 878099 | Direct |
| 2018-10-21 | Common Stock | F | 19339 | $17.81 | Disposed | 858760 | Direct |
| 2018-10-21 | Common Stock | M | 28893 | — | Acquired | 887653 | Direct |
| 2018-10-21 | Common Stock | F | 15703 | $17.81 | Disposed | 871950 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-10-21 | Restricted Stock Unit | $ | M | 35583 | Disposed | 2018-10-21 | Common Stock (35583) | Direct |
| 2018-10-21 | Restricted Stock Unit | $ | M | 28893 | Disposed | 2018-10-21 | Common Stock (28893) | Direct |
Footnotes
F1: Payment of tax liability by withholding securities incident to vesting of restricted stock units
F2: Each restricted sock unit represents a contingent right to receive one share of EGHT common stock.
F3: RSUs 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.
F4: This 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.