Statement of Changes in Beneficial Ownership (4)
October 29 2020 - 07:30PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Verma Vikram |
2. Issuer Name and Ticker or Trading Symbol
8X8 INC /DE/
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EGHT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O 8X8, INC., 675 CREEKSIDE WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/27/2020 |
(Street)
CAMPBELL, CA 95008
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/27/2020 | | M | | 49279 | A | $0 (1) | 53325 | D | |
Common Stock | 10/28/2020 | | S(2) | | 25710 | D | $15.7956 | 27615 | D | |
Common Stock | | | | | | | | 1223426 | I (3) | Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Performance Stock Units | (1) | 10/27/2020 | | M | | | 49279 | (4) | 10/23/2021 | Common Stock | 49279.0 | $0 | 73529 | D | |
Explanation of Responses: |
(1) | Each restricted stock unit represents a contingent right to receive one share of EGHT common stock. |
(2) | 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. |
(3) | Through the Vikram and Sandra Verma 2005 Trust, U/A/D March 20, 2005, as amended. |
(4) | As previously reported on a Form 4, the reporting person was awarded 147,058 performance share units (PSUs) on October 23, 2018, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. The first installment of 73,529 shares vested at less than target, such that 49,279 shares became issuable. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Verma Vikram C/O 8X8, INC. 675 CREEKSIDE WAY CAMPBELL, CA 95008 |
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| Chief Executive Officer |
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Signatures
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Cheriese M. Dickman as Attorney-In-Fact for Vikram Verma | | 10/29/2020 |
**Signature of Reporting Person | Date |
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