8X8 INC /DE/ 4
4 · 8X8 INC /DE/ · Filed Sep 19, 2013
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
REES HUW A
VP of Business Development
Transactions
- Award
Restricted Stock Units
2013-09-17+8,152→ 635,090 total→ Common Stock (8,152 underlying) - Award
Employee Stock Option (right to buy)
2013-09-17+48,480→ 626,938 totalExercise: $9.74Exp: 2023-09-17→ Common Stock (48,480 underlying) - Award
Restricted Stock Units
2013-09-17+7,888→ 642,978 total→ Common Stock (7,888 underlying)
Footnotes (4)
- [F1]This option becomes exercisable at the rate one forty-eighth of the shares on 10/17/2013 and at the end of each full month thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- [F3]RSUs vest (1) up to 25% on March 31, 2015; (2) up to 50% on March 31, 2016; and (3) up to 25% on March 31, 2017 in each case subject to performance of 8x8 common stock relative to NASDAQ Composite Index during the period from grant date through such dates.
- [F4]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.