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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
/X/ 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
(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 Persons to
Wang Samuel 8x8, Inc. -- EGHT Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- X(1) Director 10% Owner
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- ---
2445 Mission College Blvd. Number of Reporting Month/Year X(1) Officer (give Other (specify
- --------------------------------------------- Person if an entity May 1999 ---- title --- below)
(Street) (Voluntary) ------------------ below)
Santa Clara California 95054 5. If Amendment, Vice President Manufacturing
- --------------------------------------------- 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 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 5/20/99 D 9,568(2) D $0.50 85,832 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).
SEC 1474(7-96)
(1) Reporting person terminated as an officer on May 6, 1999 and as a director on May 20, 1999.
(2) These shares were repurchased by 8x8, Inc. on May 20, 1999.
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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 $3.00 5/20/99 J 12,501 Common
(right to buy) (3) (4) 6/20/99(4) Stock 17,499
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Employee Stock Option $2.44 5/20/99 J 6,001 Common
(right to buy) (3) (4) 6/20/99(4) Stock 1,999
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Employee Stock Option $4.50 4/9/99 A V 10,000 Common
(right to buy) (5) 4/9/2009(6) Stock 10,000
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Employee Stock Option $4.50 5/20/99 J 7,500 Common
(right to buy) (3) (6) 6/20/99(6) Stock 2,500
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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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D
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D
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D
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21,998 D
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Explanation of Responses:
(3) Unvested options cancelled on May 20, 1999.
(4) The vesting schedule for the option was previously reported and the terms and conditions of the option have not changed,
except: (i) the originally reported vesting schedule has been accelerated six months, (ii) all cliffs have been waived and
(iii) the expiration date is now June 20, 1999.
(5) 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.
(6) The terms and conditions of the option have not changed, except: (i) the originally reported vesting schedule has been
accelerated six months, (ii) all cliffs have been waived and (iii) the expiration date is now June 20, 1999.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Samuel Wang
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------
**Signature of Reporting Person
June 8, 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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