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F O R M 4 OMB Approval
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OMB Number 3235-8287
U.S. SECURITIES AND EXCHANGE COMMISSION Expires: September 30, 1998
WASHINGTON, DC 20549 Estimated average burden
hours per response..................0.5
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP -----------------------------------------
/ / Check this box if no
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)
Parkinson Joe 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 Officer (give X Other (Specify
- --------------------------------------------- Person (Voluntary) January 1998 ---- title --- below)
(Street) ------------------ below)
Santa Clara CA 95054 5. If Amendment, Formerly Chairman & CEO
- --------------------------------------------- Date of Original --------------------------------
(City) (State) (Zip) (Month/Year)
January 22, 1998 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) --------------------------------------- Indirect Owner-
Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 01/22/98 P 10,000 A 6.50 D
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Common Stock 01/22/98 P 2,500 A 6.25 D
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Common Stock 01/22/98 P 2,500 A 5.78 D
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Common Stock 1,000,000(1) D
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TOTAL: 1,015,000
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(1) 8x8, Inc. has the right to repurchase 220,496 of these shares at a price of $0.50 upon the termination
of Joe Parkinson as an employee of or consultant with 8x8, Inc.
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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Common
Options to Buy Common Stock (1) 06/23/07 Stock 30,000 $6.80
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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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30,000 D
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Explanation of Responses:
(1) Joe Parkinson has waived the right to any vesting of this option after February 2, 1998.
As of February 2, 1998, 4,375 of the shares underlying this option were vested.
** Intentional misstatements or omissions of facts constitute Federal /s/ Joe Parkinson February 5, 1998
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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