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