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: MARTIN BRYAN R (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-22	Common Stock	M	7694	—	Acquired	307872	Direct
2020-09-22	Common Stock	M	1196	—	Acquired	309068	Direct
2020-09-23	Common Stock	S	3130	$15.3737	Disposed	305938	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-22	Performance Stock Units	$	M	7694	Disposed	2020-09-19	Common Stock (7694.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	176554	Indirect

Footnotes

F1: As previously reported on a Form 4, the reporting person was awarded 15,388 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 7,694 PSUs vested at 115.55% of target, such that 8,890 shares became issuable. Of these 5,760 were issued to the reporting person and the remaining 3,130 were sold to pay the associated tax liability. The 1,196 shares of common stock reported in Table I correspond to the additional shares issued in excess of the 7,694 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: Through the Martin Family Trust Dated August 3, 2000.

F4: Right to receive one or more shares of EGHT Common Stock.