AI assistant
8X8 INC /DE/ — Director's Dealing 2020
Apr 27, 2020
33287_dirs_2020-04-27_8d5a4a3a-7093-4d41-b2b4-a6ca18441521.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: 8X8 INC /DE/ (EGHT)
CIK: 0001023731
Period of Report: 2020-04-23
Reporting Person: Verma Vikram (Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-04-23 | Common Stock | M | 8162 | — | Acquired | 1099167 | Indirect |
| 2020-04-23 | Common Stock | F | 4191 | $16.57 | Disposed | 1094976 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-04-23 | Restricted Stock Unit | $ | M | 8162 | Disposed | 2021-10-23 | Common Stock (8162.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2827 | Direct |
Footnotes
F1: 8,162 Restricted Stock Units became fully vested and have been converted to Common Stock.
F2: Through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended.
F3: Represents the number of shares of Common Stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the Restricted Stock Units ("RSUs") and does not represent a sale by the reporting person.
F4: Right to receive one or more shares of EGHT Common Stock.
F5: RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date, then eight and one-third percent (8.33%) vesting each quarter thereafter, over a period of eight quarters, subject to the participant's continued employment or other association with the Company.