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8X8 INC /DE/ — Director's Dealing 2021
Oct 28, 2021
33287_dirs_2021-10-27_455449f3-76a7-4889-9c2b-87e5a579c2dc.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: 2021-10-25
Reporting Person: Zinn Matthew (SVP-CLO, Secretary)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-25 | Common Stock | M | 10693 | — | Acquired | 85597 | Direct |
| 2021-10-26 | Common Stock | S | 5369 | $22.8852 | Disposed | 80228 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-10-25 | Performance Stock Units | $ | M | 10693 | Disposed | 2021-10-23 | Common Stock (10693.0) | Direct |
Footnotes
F1: 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.
F2: Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
F3: RSUs vest (1) 50% on October 23, 2020 and (2) 50% on October 23, 2021, in each case subject to performance of 8x8's common stock relative to the Russell 2000 Index during the period from grant date through such vesting date. As previously reported on a Form 4, the reporting person was awarded 34,313 performance share units (PSUs) on October 23, 2018, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. The second installment of 17,156 shares vested at less than target, such that 10,693 shares became issuable.