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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 | (3) | 10/21/2016 | M(1) | 15,146 | (4) | 10/21/2024 | Common Stock | 15,146 | $ 0 | 864,696 | D | ||||
Restricted Stock Unit | (3) | 10/21/2016 | F(5) | 13,747 | (4) | 10/21/2024 | Common Stock | 13,747 | $ 0 | 850,949 | D | ||||
Restricted Stock Unit | (3) | 10/21/2016 | M(2) | 18,653 | (6) | 10/21/2018 | Common Stock | 18,653 | $ 0 | 832,296 | D | ||||
Restricted Stock Unit | (3) | 10/21/2016 | F(5) | 16,930 | (6) | 10/21/2018 | Common Stock | 16,930 | $ 0 | 815,366 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Verma Vikram 8X8, INC. 2125 O'NEL DRIVE SAN JOSE, CA 95131 |
Chief Executive Officer |
/s/ Vikram Verma | 10/25/2016 | |
**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) | 15,146 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(2) | 18,653 Restricted Stock Units became fully vested and have been converted to Common Stock. |
(3) | Each restricted stock unit represents a contingent right to receive one share of EGHT common stock. |
(4) | This award vests at the rate of one-fourth of such shares at October 21, 2015, one-fourth of such shares at October 21, 2016, one-fourth of such shares at October 21, 2017 and one-fourth of such shares at October 21, 2018. |
(5) | Payment of tax liability by withholding securities incident to vesting of restricted stock units. |
(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. |