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

Mar 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: 8X8 INC /DE/ (EGHT)
CIK: 0001023731
Period of Report: 2020-03-20

Reporting Person: Deklich Dejan (EVP, Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-20	Common Stock	M	22962	—	Acquired	49438	Direct
2020-03-20	Common Stock	S	7981	$14.16	Disposed	41457	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-20	Restricted Stock Units	$	A	4736	Acquired	2020-03-20	Common Stock (4736.0)	Direct
2020-03-20	Restricted Stock Units	$	M	22962	Disposed	2020-03-20	Common Stock (22962.0)	Direct

Footnotes

F1: Shares were issued pursuant to an award previously reported on a Form 3 (filed September 7, 2017) as an award of restricted stock units for 36,451 shares of common stock. As previously reported, the award vests in two installments, with the number of shares issuable in each installment determined based on total shareholder return (TSR) of the company's common stock relative to the Russell 2000 during the relevant performance period. The target number of shares issuable on the two vesting dates were 18,225 and 18,226 shares, respectively. On March 20, 2020, the second installment of units vested at 125.99% of target, such that a total of 22,962 shares were issued, which represents 4,736 shares in excess of 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: Each RSU represents a contingent right to receive a share of 8x8 common stock.