8X8 INC /DE/ — Director's Dealing 2020

Sep 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 8X8 INC /DE/ (EGHT)
CIK: 0001023731
Period of Report: 2020-09-22

Reporting Person: Verma Vikram (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-22	Common Stock	M	73848	—	Acquired	73848	Direct
2020-09-22	Common Stock	M	11483	—	Acquired	85331	Direct
2020-09-23	Common Stock	S	43069	$15.3737	Disposed	42262	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-22	Performance Stock Units	$	M	73848	Disposed	2020-09-19	Common Stock (73848.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1180075	Indirect

Footnotes

F1: As previously reported on a Form 4, the reporting person was awarded 147,696 performance share units (PSUs) on September 19, 2017, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 19, 2020, the second installment of 73,848 PSUs vested at 115.55% of target, such that 85,331 shares became issuable. Of these shares, 42,262 were issued to the reporting person and the remaining 43,069 were sold to pay the associated tax liability. The 11,483 units reported in Table I correspond to the additional shares issued in excess of the 73,848 share target.

F2: Represents shares of common stock automatically sold to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of an equity award, as reported in the line above.

F3: Shares held through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended.

F4: Each restricted sock unit represents a contingent right to receive on share of EGHT common stock.