0001023731-16-000062.txt : 20160921
0001023731-16-000062.hdr.sgml : 20160921
20160921193249
ACCESSION NUMBER: 0001023731-16-000062
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160920
FILED AS OF DATE: 20160921
DATE AS OF CHANGE: 20160921
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: 8X8 INC /DE/
CENTRAL INDEX KEY: 0001023731
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 770142404
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 2125 O'NEL DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95131
BUSINESS PHONE: 4087271885
MAIL ADDRESS:
STREET 1: 2125 O'NEL DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95131
FORMER COMPANY:
FORMER CONFORMED NAME: NETERGY NETWORKS INC
DATE OF NAME CHANGE: 20000912
FORMER COMPANY:
FORMER CONFORMED NAME: 8X8 INC
DATE OF NAME CHANGE: 19961023
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hakeman Darren J.
CENTRAL INDEX KEY: 0001586614
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-21783
FILM NUMBER: 161896468
MAIL ADDRESS:
STREET 1: 2125 O'NEL DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95131
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-09-20
0
0001023731
8X8 INC /DE/
EGHT
0001586614
Hakeman Darren J.
2125 O'NEL DRIVE
SAN JOSE
CA
95131
0
1
0
0
SVP Product and Strategy
Restricted Stock Unit
2016-09-20
4
A
0
9608
0
A
2019-09-20
Common Stock
9608
113106
D
Restricted Stock Unit
2016-09-20
4
A
0
25792
0
A
2020-09-20
Common Stock
25792
138898
D
Employee Stock Option (right to buy)
14.79
2016-09-20
4
A
0
25792
0
A
2026-09-20
Common Stock
25792
321272
D
Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
RSUs vest (1) 50% on September 20, 2018 and (2) 50% on September 20 2019, 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.
This award vests at the rate of one-fourth of such shares at September 20, 2017, one-fourth of such shares at September 20, 2018, one-fourth of such shares at September 20, 2019 and one-fourth of such shares at September 20, 2020.
This award vests at the rate of one forty-eighth of the shares on 10/20/2016 and at the end of each full month thereafter.
/s/ Darren Hakeman
2016-09-21