0001023731-18-000036.txt : 20180924
0001023731-18-000036.hdr.sgml : 20180924
20180924150825
ACCESSION NUMBER: 0001023731-18-000036
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180920
FILED AS OF DATE: 20180924
DATE AS OF CHANGE: 20180924
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MARTIN BRYAN R
CENTRAL INDEX KEY: 0001085676
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38312
FILM NUMBER: 181083350
MAIL ADDRESS:
STREET 1: C/O 8X8 INC
STREET 2: 3151 JAY STREET
CITY: SANTA CLARA
STATE: CA
ZIP: 95054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: 8X8 INC /DE/
CENTRAL INDEX KEY: 0001023731
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
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
2018-09-20
0
0001023731
8X8 INC /DE/
EGHT
0001085676
MARTIN BRYAN R
C/O 8X8 INC
2125 O'NEL DRIVE
SAN JOSE
CA
95131
0
1
0
0
Chief Technology Officer
Common Stock
2018-09-20
4
M
0
6448
0
A
860864
D
Common Stock
2018-09-20
4
F
0
3246
21.75
D
857618
D
Common Stock
2018-09-20
4
M
0
7249
0
A
864867
D
Common Stock
2018-09-20
4
F
0
3649
21.75
D
861218
D
Common Stock
2018-09-20
4
M
0
7249
0
A
868467
D
Common Stock
2018-09-20
4
F
0
3649
21.75
D
864818
D
Common Stock
2018-09-22
4
M
0
9282
0
A
874100
D
Common Stock
2018-09-22
4
F
0
4673
21.2
D
869427
D
Common Stock
2018-09-22
4
M
0
14020
0
A
883447
D
Common Stock
2018-09-22
4
F
0
7059
21.2
D
876388
D
Restricted Stock Unit
2018-09-20
4
M
0
6448
0
D
2020-09-20
Common Stock
6448
869940
D
Restricted Stock Unit
2018-09-20
4
J
0
2445
0
A
2018-09-20
2018-09-20
Common stock
2445
872385
D
Restricted Stock Unit
2018-09-20
4
M
0
7249
0
D
2019-09-20
Common Stock
7249
865136
D
Restricted Stock Unit
2018-09-20
4
J
0
2445
0
A
2018-09-20
2018-09-20
Common Stock
2445
867581
D
Restricted Stock Unit
2018-09-20
4
M
0
7249
0
D
2020-09-20
Common Stock
7249
860332
D
Restricted Stock Unit
2018-09-22
4
M
0
9282
0
D
2019-09-22
Common Stock
9282
851050
D
Restricted Stock Unit
2018-09-22
4
J
0
7010
0
A
2018-09-22
2018-09-22
Common Stock
7010
858060
D
Restricted Stock Unit
2018-09-22
4
M
0
14020
0
D
2018-09-22
Common Stock
14020
844040
D
6,448 Restricted Stock Units became fully vested and have been converted to Common Stock.
Payment of tax liability by withholding securities incident to vesting of restricted stock units.
7,249 Restricted Stock Units became fully vested and have been converted to Common Stock.
9,282 Restricted Stock Units became fully vested and have been converted to Common Stock.
14,020 Restricted Stock Units became fully vested and have been converted to Common Stock.
Each restricted sock unit represents a contingent right to receive on share of EGHT common stock.
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.
As previously reported on a Form 4, the Reporting person was awarded 9,608 performance share units (PSUs) on September 20, 2016, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 20, 2018, the first installment of 4,804 PSUs vested at 150.9% of target, such that 7,249 shares became issuable. Of these shares 3,600 were issued to the reporting person and the remaining 3,649 were withheld to pay the associated tax liability. The 2,445 units reported in Table II correspond to the additional shares issued in excess of 4,804 share target for the first vesting installment.
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.
As previously reported on a Form 4, the reporting person was awarded 9,608 performance share units (PSUs) on September 26, 2016, of which 50% were eligible to vest on each of the second and third anniversaries of the award date. On September 20, 2018, the first installment of 4,804 PSUs vested at 150.9 % of target, such that 7,249 shares became issuable. Of these shares, 3,600 were issued to the reporting person and the remaining 3,649 were withheld to pay the associated tax liability. The 2,445 units reported in Table II correspond to the additional shares issued in excess of 4,804 share target for the first vesting installment.
This award vests at the rate of one-fourth of such shares at September 22, 2016, one-fourth of such shares at September 22, 2017, one-fourth of such shares at September 22, 2018 and one-fourth of such shares at September 22, 2019.
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, 2018, the second installment of 7,010 PSUs vested at 200.0% of target, such that 14,020 shares became issuable. Of these shares, 6,961 were issued to the reporting person and the remaining 7,059 were withheld to pay the associated tax liability. The 7,010 units reported in Table II correspond to the additional shares issued in excess of 7,010 share target for the second vesting installment.
RSUs vest (1) 50% on September 22, 2017 and (2) 50% on September 27, 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/ Bryan R. Martin
2018-09-24