0001023731-16-000076.txt : 20160928 0001023731-16-000076.hdr.sgml : 20160928 20160928200128 ACCESSION NUMBER: 0001023731-16-000076 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160926 FILED AS OF DATE: 20160928 DATE AS OF CHANGE: 20160928 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: Arora Puneet CENTRAL INDEX KEY: 0001631287 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21783 FILM NUMBER: 161908135 MAIL ADDRESS: STREET 1: 3905 JAMIE PLACE CITY: SAN RAMON STATE: CA ZIP: 94582 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2016-09-26 0 0001023731 8X8 INC /DE/ eght 0001631287 Arora Puneet 8 X 8 INC 2125 O'NEL DRIVE SAN JOSE CA 95131 0 1 0 0 SVP Global Sales Employee Stock Option (right to buy) 14.79 2016-09-26 4 D 0 23960 0 D 2026-09-20 Common Stock 23960 154830 D Restricted Stock Unit 2016-09-26 4 A 0 8920 0 A 2019-09-20 Common Stock 8920 118479 D With the approval of the Board and the consent of the award recipient, these performance-based restricted stock units were granted and stock options were cancelled on September 26, 2016. 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. 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. With the approval of the Board and the consent of the award recipient, these stock options were cancelled and performance stock units were granted on September 26, 2016. /S/ Puneet Arora 2016-09-28