1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (right to buy)
|
Â
(1)
|
07/22/2024 |
Common Stock
|
34,184
|
$
7.52
|
D
|
Â
|
Restricted Stock Units
|
Â
(2)
|
07/22/2024 |
Common Stock
|
24,024
|
$
(3)
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(4)
|
10/21/2024 |
Common Stock
|
189,612
|
$
6.86
|
D
|
Â
|
Restricted Stock Units
|
Â
(5)
|
03/31/2018 |
Common Stock
|
34,640
|
$
(3)
|
D
|
Â
|
Restricted Stock Units
|
Â
(6)
|
10/21/2018 |
Common Stock
|
33,360
|
$
(3)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
This option becomes exercisable at the rate of one-fourth of the shares on 7/1/2015 and an additional one thirty-sixth of the remaining shares shall vest at the end of each full month thereafter. |
(2) |
This award vests at the rate of one-fourth of such shares at July 1, 2015, one-fourth of such shares at July 1, 2016, one-fourth of such shares at July 1, 2017 and one-fourth of such shares at July 1, 2018. |
(3) |
Each restricted stock unit represents a contingent right to receive one share of EGHT common stock. |
(4) |
This option becomes exercisable at the rate of one-fourth of the shares on 10/21/2015 and an additional one thirty-sixth of the remaining shares shall vest at the end of each full month thereafter. |
(5) |
RSUs vest (1) up to 25% on March 31, 2016; (2) up to 50% on March 31, 2017; and (3) up to 25% on March 31, 2018 in each case subject to performance of 8x8 common stock relative to NASDAQ Composite Index during the period from grant date through such dates. |
(6) |
RSUs do not vest unless and until average closing price of 8x8 common stock over any 30 consecutive trading day period within 4 years from the grant date exceeds 150% of grant date closing price; then, at rate of 25% on each anniversary of grant date. |