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