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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)
Peters Christopher 8x8, Inc. - EGHT to Issuer (Check all applicable)
- ------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
2445 Million 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, Vice President, Sales
- ------------------------------------------- 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
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 19,886(1) D
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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
(1) Includes Shares acquired under the 8x8, Inc. Employee Stock Purchase Plan.
(Over)
SEC 2270(7/96)
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<TABLE>
<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 $ 5.63 6/15/98 Common
(right to buy) A 20,000 (2) 6/15/2008 Stock 20,000
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Employee Stock Option $ 6.80 9/2/98 Common
(right to buy) D(3) 70,000 (4) 6/23/2007 Stock 70,000
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Employee Stock Option $ 2.82 9/2/98 Common
(right to buy) A 70,000 (5) 6/23/2007 Stock 70,000
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Employee Stock Option $11.25 9/2/98 Common
(right to buy) D(3) 33,000 (4) 7/28/2007 Stock 33,000
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Employee Stock Option $ 2.82 9/2/98 Common
(right to buy) A 33,000 (5) 7/28/2007 Stock 33,000
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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 -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) 1/48th of the Shares vest on the last day of each full month after Transaction Date until all of the Shares have vested.
(3) Cancellation of option in connection with grant of replacement option.
(4) Vesting schedule is the same as previously reported on Forms 4 or Form 3.
(5) 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 2, 1998 and (ii) the option will not be exercisable
before September 2, 1999.
(6) 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
2, 1998 and (ii) the option will not be exercisable before September 2, 1999.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Christopher Peters May 5, 1999
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**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.
Potential persons who are to respond to the collection of information contained Page 2 of 3
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 2270(7-96)
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<TABLE>
<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 $5.63 9/2/98 Common
(right to buy) D(3) 20,000 (2) 6/15/2008 Stock 20,000
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Employee Stock Option $2.82 9/2/98 Common
(right to buy) A 20,000 (2)(6) 6/15/2008 Stock 20,000
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Employee Stock Option $2.44 10/19/98 Common
(right to buy A 8,000 (2) 10/19/2008 Stock 8,000
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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 139,439 D
(right to buy
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Explanation of Responses:
(2) 1/48th of the Shares vest on the last day of each full month after the Transaction Date until all of the Shares have vested.
(3) Cancellation of option in connection with grant of replacement option.
(4) Vesting schedule is the same as previously reported on Forms 4 and Form 3.
(5) 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 2, 1998 and (ii) the option will not be exercisable
before September 2, 1999.
(6) 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 2, 1998 and (ii) the option will not be exercisable before September 2, 1999.
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Christopher Peters May 5, 1999
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**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.
Potential persons who are to respond to the collection of information Page 3 of 3
contained in this form are not required to respond unless the form displays
a currently valid OMB Number.
Page 3
SEC 2270 (7/96)
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