4//SEC Filing
Arora Puneet 4
Accession 0001023731-17-000034
CIK 0001023731other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 9:35 PM ET
Size
8.3 KB
Accession
0001023731-17-000034
Insider Transaction Report
Form 4
8X8 INC /DE/EGHT
Arora Puneet
SVP Global Sales
Transactions
- Award
Restricted Stock Unit
2017-09-19+11,264→ 137,763 totalExp: 2021-09-19→ Common Stock (11,264 underlying) - Award
Restricted Stock Unit
2017-09-19+9,232→ 126,499 totalExp: 2020-09-19→ Common Stock (9,232 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
- [F2]RSUs vest (1) 50% on September 19, 2019 and (2) 50% on September 19 2020, 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.
- [F3]This award vests at the rate of one-fourth of such shares at September 19, 2018, one-fourth of such shares at September 19, 2019, one-fourth of such shares at September 19, 2020 and one-fourth of such shares at September 19, 2021.
Documents
Issuer
8X8 INC /DE/
CIK 0001023731
Entity typeother
Related Parties
1- filerCIK 0001631287
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 9:35 PM ET
- Size
- 8.3 KB