Arora Puneet 4
4 · 8X8 INC /DE/ · Filed Sep 21, 2017
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Arora Puneet
SVP Global Sales
Transactions
- Award
Restricted Stock Unit
2017-09-19+11,264→ 137,763 totalExp: 2021-09-19→ Common Stock (11,264 underlying) - Award
Restricted Stock Unit
2017-09-19+9,232→ 126,499 totalExp: 2020-09-19→ Common Stock (9,232 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- [F2]RSUs vest (1) 50% on September 19, 2019 and (2) 50% on September 19 2020, 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. A 2x multiplier will be applied to the total shareholder returns (TSR) for each 1% of positive or negative relative TSR, and the number of shares earned will increase or decrease by 2% of the target number shown in table. In the event 8x8's common stock performance is below negative 30%, relative to the benchmark, no shares will be issued. Maximum number of shares issuable is two times the number shown in the table.
- [F3]This award vests at the rate of one-fourth of such shares at September 19, 2018, one-fourth of such shares at September 19, 2019, one-fourth of such shares at September 19, 2020 and one-fourth of such shares at September 19, 2021.