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F O R M 4 OMB Approval
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U.S. SECURITIES AND EXCHANGE COMMISSION OMB Number 3235-0287
WASHINGTON, DC 20549 Expires: September 30, 1998
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
/ / Check this box if no hours per response......... 0.5
longer subject to Filed pursuant to Section 16(a) of the Securities -------------------------------
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Barraclough Keith 8x8, Inc - EGHT to Issuer (Check all applicable)
- --------------------------------------------------------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
2445 Mission College Blvd. Number of Reporting Month/Year x Officer (give Other (Specify
- --------------------------------------------- Person (Voluntary) January 1998 ---- title --- below)
(Street) ------------------ below)
Santa Clara CA 95054 5. If Amendment, President and Chief Operating
- --------------------------------------------- Date of Original Officer
(City) (State) (Zip) (Month/Year) --------------------------------
7. Individual or Joint/Group Filing
------------------ (Check Applicable Line)
X Form filed by One
---- Reporting Person
Form filed by More than
---- One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Month/ (Instr. 8) End of Month Direct Benefi-
Day/ --------------------------------------- (Instr. 3 and 4) (D) or cial
Year) Code V Amount (A) or Price Indirect Owner-
(D) (I) ship
(Instr. 4) (Instr.
4)
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Common Stock 1/22/98 M 4,000 A $0.50 4,000 D
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Common Stock 7/2/97 P V 500 A $6.50 500 D
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Common Stock 9/21/97 M 5,000 A $0.50 5,000 D
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Common Stock TOTAL: 9,500
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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F O R M 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 4) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4 Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock Option Common
(right to buy) $0.50 01/22/98 M 4,000 (1) 06/24/06 Stock 4,000
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Common
Options to Buy Common Stock $0.50 (1) 06/24/06 Stock 6,000
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Common
Options to Buy Common Stock $0.50 (2) 06/24/06 Stock 20,000
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Common
Options to Buy Common Stock $0.50 (3) 06/24/06 Stock 20,000
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Common
Options to Buy Common Stock $5.00 (4) 10/21/06 Stock 25,000
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Common
Options to Buy Common Stock $6.80 (5) 01/20/07 Stock 170,000
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Common
Options to Buy Common Stock $6.80 (6) 06/23/07 Stock 30,000
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Options to Buy Common Stock
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9. Number of 10. Ownership 11. Nature of
derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned as End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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-0- D
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6,000 D
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20,000 D
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20,000 D
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25,000 D
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170,000 D
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30,000 D
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Total
271,000
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Explanation of Responses:
(1) 1/4 of the shares vested on November 28, 1995; 1/36th of the remaining shares shall vest on the last day of each full month
thereafter until all of the shares have vested.
(2) 1/48th of the shares shall vest on the last day of each full month after the vesting commencement date of December 11, 1995,
until all of the shares have vested.
(3) 1/48th of the shares shall vest on the last day of each full month after the vesting commencement date of June 24, 1996.
(4) Shares shall have vested in full.
(5) 1/48th of the shares shall vest on the last day of each full month after the vesting commencement date of January 20, 1997,
until all of the shares have vested.
(6) 1/48th of the shares shall vest on the last day of each full month after the vesting commencement date of June 23, 1997, until
all of the shares have vested.
** Intentional misstatements or omissions of facts constitute Federal /s/ Keith Barraclough 1/22/98
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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