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