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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (6) | 09/20/2018 | M(1) | 26,529 | (7) | 09/20/2020 | Common Stock | 26,529 | $ 0 | 642,803 | D | ||||
Restricted Stock Unit | (6) | 09/20/2018 | J(8) | 30,171 | 09/20/2018 | 09/20/2018 | Common Stock | 30,171 | $ 0 | 672,974 | D | ||||
Restricted Stock Unit | (6) | 09/20/2018 | M(3) | 89,447 | (8) | 09/20/2019 | Common Stock | 89,447 | $ 0 | 583,527 | D | ||||
Restricted Stock Unit | (6) | 09/22/2018 | M(4) | 39,604 | (9) | 09/22/2019 | Common Stock | 39,604 | $ 0 | 543,923 | D | ||||
Restricted Stock Unit | (6) | 09/22/2018 | J(10) | 89,720 | 09/22/2018 | 09/22/2018 | Common Stock | 89,720 | $ 0 | 633,643 | D | ||||
Restricted Stock Unit | (6) | 09/22/2018 | M(5) | 179,440 | (10) | 09/22/2018 | Common Stock | 179,440 | $ 0 | 454,203 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Verma Vikram C/O 8X8 INC 2125 O'NEL DRIVE SAN JOSE, CA 95131 |
Chief Executive Officer |
/s/ Vikram Verma | 09/24/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 26,529 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(2) | Payment of tax liability by withholding securities incident to vesting of restricted stock units. |
(3) | 89,447 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(4) | 39,604 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(5) | 179,440 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(6) | Each restricted sock unit represents a contingent right to receive on share of EGHT common stock. |
(7) | This award vests at the rate of one-fourth of such shares at September 20, 2017, one-fourth of such shares at September 20, 2018, one-fourth of such shares at September 20, 2019 and one-fourth of such shares at September 20, 2020. |
(8) | As previously reported on a Form 4, the reporting person was awarded 118,552 performance share units (PSUs) on September 20, 2016, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 20, 2018, the first installment of 59,276 PSUs vested at 150.9 % of target, such that 89,447 shares became issuable. Of these shares, 40,833 were issued to the reporting person and the remaining 48,614 were withheld to pay the associated tax liability. The 30,171 units reported in Table II correspond to the additional shares issued in excess of 59,276 share target for the first vesting installment. |
(9) | This award vests at the rate of one-fourth of such shares at September 22, 2016, one-fourth of such shares at September 22, 2017, one-fourth of such shares at September 22, 2018 and one-fourth of such shares at September 22, 2019. |
(10) | As previously reported on a Form 4, the reporting person was awarded 179,440 performance share units (PSUs) on September 22, 2015, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 22, 2018, the second installment of 89,720 PSUs vested at 200.0 % of target, such that 179,440 shares became issuable. Of these shares, 81,915 were issued to the reporting person and the remaining 97,525 were withheld to pay the associated tax liability. The 89,720 units reported in Table II correspond to the additional shares issued in excess of 89,720 share target for the first vesting installment. |