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OMB APPROVAL
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OMB Number 3235-0362
Expires: September 30, 1998
Estimated average burden
hours per response..........1.0
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FORM 5
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/ / Check this box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions of 1940
Reported
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<S> <C> <C> <C> <C> <C> <C>
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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)
- ------------------------------------------- ---------------------------------------------- X 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) March 25, 1999 ---- title --- below)
(Street) ------------------- below)
Santa Clara California 95054 5. If Amendment, President & Chief Operating Officer
- ------------------------------------------- Date of Original -----------------------------------
(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 1 -- 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 Issuer's Direct Benefi-
Day/ Fiscal Year (D) or cial
Year) ---------------------------- (Instr. 3 and 4) Indirect Owner-
Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 16,264(1) D
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*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(1) Includes Shares acquired under the 8x8, Inc. Employee Stock Purchase Plan.
(Over)
SEC 2270(7-96)
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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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. 3) 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
(A) (D) cisable Date Shares
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Employee Stock Option $5.00 9/21/98 D(2) 25,000 (3) 10/21/2006 Common 25,000
(right to buy) Stock
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Employee Stock Option $3.00 9/21/98 A 25,000 (4) 10/21/2006 Common 25,000
(right to buy) Stock
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Employee Stock Option $6.80 9/21/98 D(2) 170,000 (3) 1/20/2007 Common 170,000
(right to buy) Stock
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Employee Stock Option $3.00 9/21/98 A 170,000 (4) 1/20/2007 Common 170,000
(right to buy) Stock
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Employee Stock Option $6.80 9/21/98 D(2) 30,000 (3) 6/23/2007 Common 30,000
(right to buy) Stock
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Employee Stock Option $3.00 9/21/98 A 30,000 (4) 6/23/2007 Common 30,000
(right to buy) Stock
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<C> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership Form 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Employee Stock Option -0- D
(right to buy)
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Employee Stock Option D
(right to buy)
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Employee Stock Option -0- D
(right to buy)
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Employee Stock Option D
(right to buy)
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Employee Stock Option -0- D
(right to buy)
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Employee Stock Option D
(right to buy)
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Explanation of Responses:
(2) Cancellation of option in connection with grant of replacement option.
(3) Vesting schedule is the same as previously reported on Forms 4 or Form 3.
(4) The vesting schedule for the cancelled option was previously reported and the terms and conditions of the replacement
option are the same as that of the cancelled option and were not amended at the time of the repricing, except (i) the exercise
price shall be the fair market value of the Company's common stock on September 21, 1998 and (ii) the option will not be
exercisable before September 21, 1999.
(5) The Shares shall vest in full on September 21, 2002. The Shares may vest immediately if certain milestones are reached.
(6) 1/48th of the Shares vest on the last day of each full month after October 19, 1998 until all of the Shares have vested.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Keith Barraclough May 5, 1999
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------- -----------
**Signature of Date
Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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 Page 2 of 3
valid OMB Number
Page 2
SEC 2270(7-96)
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<CAPTION>
FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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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. 3) 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
(A) (D) cisable Date Shares
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Employee Stock Option
(right to buy) $3.13 9/21/98 A 50,000 (5) 9/21/2008 Common 50,000
Stock
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Employee Stock Option
(right to buy) $2.44 10/19/98 A 25,000 (6) 10/19/2008 Common 25,000
Stock
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<C> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership Form 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Employee Stock Option D
(right to buy)
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Employee Stock Option 346,000 D
(right to buy)
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Explanation of Responses:
(2) Cancellation of option in connection with grant of replacement option.
(3) Vesting schedule is the same as previously reported on Forms 4 or Form 3.
(4) The vesting schedule for the cancelled option was previously reported and the terms and conditions of the replacement option
are the same as that of the cancelled option and were not amended at the time of the repricing, except (i) the exercise
price shall be the fair market value of the Company's common stock on September 21, 1998 and (ii) the option will not be
exercisable before September 21, 1999.
(5) The Shares shall vest in full on September 21, 2002. The Shares may vest immediately if certain milestones are reached.
(6) 1/48th of the Shares vest on the last day of each full month after October 19, 1998 until all of the Shares have vested.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Keith Barraclough May 5, 1999
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------- ------------
**Signature of Date
Reporting Person
Note. File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
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. Page 3 of 3
Page 3
SEC 2270(7-96)
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