Filing Details
- Accession Number:
- 0001023731-20-000147
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-09-24 16:46:39
- Reporting Period:
- 2020-09-22
- Accepted Time:
- 2020-09-24 16:46:39
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1023731 | 8X8 Inc | EGHT | Services-Computer Processing & Data Preparation (7374) | 770142404 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1539401 | Vikram Verma | C/O 8X8, Inc. 675 Creekside Way Campbell CA 95008 | Chief Executive Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-09-22 | 73,848 | $0.00 | 73,848 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-09-22 | 11,483 | $0.00 | 85,331 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-09-23 | 43,069 | $15.37 | 42,262 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Performance Stock Units | Disposition | 2020-09-22 | 73,848 | $0.00 | 73,848 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2020-09-19 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 1,180,075 | Indirect | Trust |
Footnotes
- 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.
- 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.
- Shares held through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended.
- Each restricted sock unit represents a contingent right to receive on share of EGHT common stock.
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