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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------------
WASHINGTON, D.C. 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number 3235-0287
[ ] Check this box if no Expires: December 31, 2001
longer subject to Filed pursuant to Section 16(a) of the Securities Estimated average burden
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the hours per response.......... 0.5
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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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Abbott Sandra L. 8x8, Inc. -- EGHT Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- ---
2445 Mission College Blvd. Number of Reporting Month/Year X Officer (give Other (Specify
- --------------------------------------------- Person, if an entity May 1999 ---- title --- below)
(Street) (Voluntary) ------------------ below)
Santa Clara California 95054 5. If Amendment, Vice President Finance and
- --------------------------------------------- Date of Original Chief Financial 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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR 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 Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 5/18/99 S 10,000 D $4.0625 105,287(1)(2)(3) D
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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).
(1) Includes shares acquired under the 8x8, Inc. Employee Stock Purchase Plan.
(2) Includes 2,710 shares which may be subject to a right of repurchase in favor of 8x8, Inc. The right of repurchase lapses on a
monthly basis through July 10, 1999 as long as Ms. Abbott remains an employee or consultant of the Company.
(3) Includes 15,547 shares which may be subject to a right of repurchase in favor of 8x8, Inc. The right of repurchase lapses on a
monthly basis through June 24, 2000 as long as Ms. Abbott remains an employee or consultant of the Company.
SEC 1474(7-96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR 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 $4.50 4/9/99 A V 10,000 (4) 4/9/2009 Common 10,000
(right to buy) Stock
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1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 4) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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38,000 D
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Explanation of Responses:
(4) 1/4th of the shares vest six months after April 9, 1999, and 1/18th of the
remaining shares vest on the last day of each full month thereafter.
** Intentional misstatements or omissions of facts constitute Federal Criminal /s/ Sandra L. Abbott
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) -------------------------------
**Signature of Reporting Person
June 4, 1999
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Note: File three copies of this Form, one of which must be manually signed. Date Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (3-99)
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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