4//SEC Filing
8X8 INC /DE/ 4
Accession 0001707495-17-000002
$EGHTCIK 0001023731operating
Filed
May 23, 8:00 PM ET
Accepted
May 24, 4:32 PM ET
Size
8.3 KB
Accession
0001707495-17-000002
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Hublou Rani
Chief Marketing Officer
Transactions
- Award
Restricted Stock Unit
2017-05-22+55,446→ 55,446 totalExp: 2021-05-22→ Common Stock (55,446 underlying) - Award
Restricted Stock Unit
2017-05-22+44,615→ 100,061 totalExp: 2020-05-22→ Common Stock (44,615 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- [F2]This award vests at the rate of one-fourth of such shares at May 22, 2018, one-fourth of such shares at May 22, 2019, one-fourth of such shares at May 22, 2020 and one-fourth of such shares at May 22, 2021.
- [F3]RSUs vest (1) 50% on May 22, 2019 and (2) 50% on May 22, 2020, in each case subject to performance of 8x8 common stock relative to the Russell 2000 Index during the period from grant date through the vesting date. A 2x multiplier will be applied to the total shareholder return (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 the 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 typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001023731
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 4:32 PM ET
- Size
- 8.3 KB