0001023731-17-000046.txt : 20170926
0001023731-17-000046.hdr.sgml : 20170926
20170926211856
ACCESSION NUMBER: 0001023731-17-000046
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170922
FILED AS OF DATE: 20170926
DATE AS OF CHANGE: 20170926
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: 171103051
MAIL ADDRESS:
STREET 1: 2125 O'NEL DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95131
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
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2017-09-22
0
0001023731
8X8 INC /DE/
EGHT
0001586614
Hakeman Darren J.
C/O 8X8, INC.
2125 O'NEL DRIVE
SAN JOSE
CA
95131
0
1
0
0
SVP Product and Strategy
Common Stock
2017-09-22
4
J
0
4866
13.3
A
61042
D
Common Stock
2017-09-22
4
J
0
7155
13.3
A
68197
D
Restricted Stock Unit
2017-09-22
4
J
0
4866
0
D
2019-09-22
Common Stock
4866
136932
D
Restricted Stock Unit
2017-09-22
4
F
0
4416
0
D
2019-09-22
Common Stock
4416
132516
D
Restricted Stock Unit
2017-09-22
4
J
0
6639
0
A
2017-09-22
2017-09-22
Common Stock
6639
139155
D
Restricted Stock Unit
2017-09-22
4
J
0
7155
0
D
2018-09-22
Common Stock
7155
132000
D
Restricted Stock Unit
2017-09-22
4
F
0
6494
0
D
2018-09-22
Common Stock
6494
125506
D
4,866 Restricted Stock Units became fully vested and have been converted to Common Stock.
7,155 Performance-based Restricted Stock Units became fully vested and have been converted to Common Stock.
Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
This award vests at the rate of one-fourth of such shares at September 22, 2016, one-fourth of such at September 22, 2017, one-fourth of such at September 22, 2018, and one-fourth of such at September 22, 2019.
Payment of tax liability by withholding securities incident to vesting of restricted stock units.
As previously reported on a Form 4, the reporting person was awarded 14,020 performance share units (PSUs) on September 22, 2015, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 22, 2017, the first installment of 7,010 PSUs vested at 194.71 % of target, such that 13,649 shares became issuable. Of these shares, 7,155 were issued to the reporting person and the remaining 6,494 were withheld to pay the associated tax liability. The 6,639 units reported in Table II correspond to the additional shares issued in excess of 7,010 share target for the first vesting installment.
RSUs vest (1) 50% on September 22, 2017 and (2) 50% on September 22 2018, 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.
/s/ Darren J. Hakeman
2017-09-26