4//SEC Filing
Hakeman Darren J. 4
Accession 0001023731-18-000051
CIK 0001023731other
Filed
Oct 24, 8:00 PM ET
Accepted
Oct 25, 7:33 PM ET
Size
8.5 KB
Accession
0001023731-18-000051
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Hakeman Darren J.
SVP Product and Strategy
Transactions
- Award
Restricted Stock Unit
2018-10-23+14,705→ 14,705 totalExp: 2021-10-23→ Common Stock (14,705 underlying) - Award
Performance Stock Units
2018-10-23+14,705→ 14,705 totalExp: 2021-10-23→ Common Stock (14,705 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- [F2]RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date, then eight and one-third percent (8.3375%) vesting each quarter thereafter, over a period of eight (8) quarters, subject to the participant's continued employment or other association with the Company.
- [F3]RSUs vest (1) 50% on October 23, 2020 and (2) 50% on October 23, 2021, 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
Issuer
8X8 INC /DE/
CIK 0001023731
Entity typeother
Related Parties
1- filerCIK 0001586614
Filing Metadata
- Form type
- 4
- Filed
- Oct 24, 8:00 PM ET
- Accepted
- Oct 25, 7:33 PM ET
- Size
- 8.5 KB