Arora Puneet 4

Accession 0001023731-17-000044

CIK 0001023731other

View on SEC.gov Company Profile

Filed

Sep 25, 8:00 PM ET

Accepted

Sep 26, 8:44 PM ET

Size

19.0 KB

Accession

0001023731-17-000044

Insider Transaction Report

Form 4

Period: 2017-09-22

8X8 INC /DE/EGHT

Arora Puneet

SVP Global Sales

Transactions

Other
Restricted Stock Unit
2017-09-22−5,794→ 125,979 total
Exp: 2019-09-22→ Common Stock (5,794 underlying)
Other
Restricted Stock Unit
2017-09-22+6,639→ 129,130 total
From: 2017-09-22Exp: 2017-09-22→ Common Stock (6,639 underlying)
Other
Common Stock
2017-09-22$13.30/sh+5,794$77,060→ 49,692 total
Tax Payment
Restricted Stock Unit
2017-09-22−5,129→ 115,481 total
Exp: 2018-09-22→ Common Stock (5,129 underlying)
Other
Common Stock
2017-09-22$13.30/sh+8,520$113,316→ 58,212 total
Tax Payment
Restricted Stock Unit
2017-09-22−3,488→ 122,491 total
Exp: 2019-09-22→ Common Stock (3,488 underlying)
Other
Restricted Stock Unit
2017-09-20−8,520→ 120,610 total
Exp: 2018-09-22→ Common Stock (8,520 underlying)

Footnotes (7)

[F1]5,794 Restricted Stock Units became fully vested and have been converted to Common Stock.
[F2]8,520 Performance-based Restricted Stock Units became fully vested and have been converted to Common Stock.
[F3]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
[F4]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.
[F5]Payment of tax liability by withholding securities incident to vesting of restricted stock units.
[F6]As previously reported on Form 4, the reporting person was awarded 14,020 performance shares 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, 2017 the first installment of 7,010 PSUs vested at 194.71% of target such that 13,649 shares became issuable. Of these shares 8,520 were issued to the reporting person and the remaining 5,129 were withheld to pay the associated tax liability. The 6,639 units reported in Table II correspond to the additional shares issued in excess of the 7,010 share target for the first vesting installment.
[F7]RSUs vest (1) 50% on September 22, 2017 and (2) 50% on September 22 2018, 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.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

8X8 INC /DE/

CIK 0001023731

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Entity typeother

Related Parties

filerCIK 0001631287

Filing Metadata

Form type: 4
Filed: Sep 25, 8:00 PM ET
Accepted: Sep 26, 8:44 PM ET
Size: 19.0 KB

View on SEC.gov