Hakeman Darren J. 4

Accession 0001023731-18-000037

CIK 0001023731other

View on SEC.gov Company Profile

Filed

Sep 23, 8:00 PM ET

Accepted

Sep 24, 6:40 PM ET

Size

38.0 KB

Accession

0001023731-18-000037

Insider Transaction Report

Form 4

Period: 2018-09-20

8X8 INC /DE/EGHT

Hakeman Darren J.

SVP Product and Strategy

Transactions

Tax Payment
Common Stock
2018-09-22$21.20/sh−6,920$146,704→ 84,152 total
Exercise/Conversion
Restricted Stock Unit
2018-09-22−9,282→ 86,329 total
Exp: 2019-09-22→ Common Stock (9,282 underlying)
Tax Payment
Common Stock
2018-09-20$21.75/sh−3,449$75,016→ 68,386 total
Exercise/Conversion
Common Stock
2018-09-20+7,249→ 75,635 total
Exercise/Conversion
Common Stock
2018-09-20+6,448→ 67,653 total
Tax Payment
Common Stock
2018-09-20$21.75/sh−3,067$66,707→ 64,586 total
Exercise/Conversion
Common Stock
2018-09-20+7,249→ 71,835 total
Exercise/Conversion
Common Stock
2018-09-22+9,282→ 81,468 total
Exercise/Conversion
Restricted Stock Unit
2018-09-20−6,448→ 105,219 total
Exp: 2020-09-20→ Common Stock (6,448 underlying)
Exercise/Conversion
Restricted Stock Unit
2018-09-20−7,249→ 100,415 total
Exp: 2021-09-20→ Common Stock (7,249 underlying)
Other
Restricted Stock Unit
2018-09-20+2,445→ 102,860 total
From: 2018-09-20Exp: 2018-09-20→ Common Stock (2,445 underlying)
Exercise/Conversion
Common Stock
2018-09-22+14,020→ 91,072 total
Exercise/Conversion
Restricted Stock Unit
2018-09-20−7,249→ 95,611 total
Exp: 2019-09-20→ Common Stock (7,249 underlying)
Tax Payment
Common Stock
2018-09-20$21.75/sh−3,449$75,016→ 72,186 total
Tax Payment
Common Stock
2018-09-22$21.20/sh−4,416$93,619→ 77,052 total
Other
Restricted Stock Unit
2018-09-20+2,445→ 107,664 total
From: 2018-09-20Exp: 2018-09-20→ Common Stock (2,445 underlying)
Other
Restricted Stock Unit
2018-09-22+7,010→ 93,339 total
From: 2018-09-22Exp: 2018-09-22→ Common Stock (7,010 underlying)
Exercise/Conversion
Restricted Stock Unit
2018-09-22−14,020→ 79,319 total
Exp: 2018-09-22→ Common Stock (14,020 underlying)

Footnotes (10)

[F1]6,448 Restricted Stock Units became fully vested and have been converted to Common Stock.
[F10]This award vests at the rate of one-fourth of such shares at September 19, 2017, one-fourth of such shares at September 19, 2018, one-fourth of such shares at September 19, 2019 and one-fourth of such shares at September 19, 2020.
[F2]Payment of tax liability by withholding securities incident to vesting of restricted stock units.
[F3]7,249 Restricted Stock Units became fully vested and have been converted to Common Stock.
[F4]9,282 Restricted Stock Units became fully vested and have been converted to Common Stock.
[F5]14,020 Restricted Stock Units became fully vested and have been converted to Common Stock.
[F6]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
[F7]19. As previously reported on a Form 4, the reporting person was awarded 9,608 performance share units (PSUs) on September 26, 2016, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 20, 2018, the first installment of 4,804 PSUs vested at 150.9 % of target, such that 7,249 shares became issuable. Of these shares, 3,800 were issued to the reporting person and the remaining 3,449 were withheld to pay the associated tax liability. The 2,445 units reported in Table II correspond to the additional shares issued in excess of 4,804 share target for the first vesting installment.
[F8]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.
[F9]As previously reported on a Form 4, the reporting person was awarded 14,020 performance share 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, 2018, the second installment of 7,010 PSUs vested at 200.0% of target, such that 14,020 shares became issuable. Of these shares, 7,100 were issued to the reporting person and the remaining 6,920 were withheld to pay the associated tax liability. The 7,010 units reported in Table II correspond to the additional shares issued in excess of 7,010 share target for the second vesting installment.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

8X8 INC /DE/

CIK 0001023731

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Entity typeother

Related Parties

filerCIK 0001586614

Filing Metadata

Form type: 4
Filed: Sep 23, 8:00 PM ET
Accepted: Sep 24, 6:40 PM ET
Size: 38.0 KB

View on SEC.gov