4//SEC Filing
Verma Vikram 4
Accession 0001023731-20-000147
CIK 0001023731other
Filed
Sep 23, 8:00 PM ET
Accepted
Sep 24, 4:46 PM ET
Size
11.3 KB
Accession
0001023731-20-000147
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Verma Vikram
Director
Transactions
- Exercise/Conversion
Common Stock
2020-09-22+73,848→ 73,848 total - Sale
Common Stock
2020-09-23$15.37/sh−43,069$662,130→ 42,262 total - Exercise/Conversion
Common Stock
2020-09-22+11,483→ 85,331 total - Exercise/Conversion
Performance Stock Units
2020-09-22−73,848→ 0 totalExp: 2020-09-19→ Common Stock (73,848 underlying)
Holdings
- 1,180,075(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]As previously reported on a Form 4, the reporting person was awarded 147,696 performance share units (PSUs) on September 19, 2017, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 19, 2020, the second installment of 73,848 PSUs vested at 115.55% of target, such that 85,331 shares became issuable. Of these shares, 42,262 were issued to the reporting person and the remaining 43,069 were sold to pay the associated tax liability. The 11,483 units reported in Table I correspond to the additional shares issued in excess of the 73,848 share target.
- [F2]Represents shares of common stock automatically sold to satisfy the reporting person's tax obligation in respect of the shares issued upon vesting of an equity award, as reported in the line above.
- [F3]Shares held through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended.
- [F4]Each restricted sock unit represents a contingent right to receive on share of EGHT common stock.
Documents
Issuer
8X8 INC /DE/
CIK 0001023731
Entity typeother
Related Parties
1- filerCIK 0001539401
Filing Metadata
- Form type
- 4
- Filed
- Sep 23, 8:00 PM ET
- Accepted
- Sep 24, 4:46 PM ET
- Size
- 11.3 KB