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FORM 4 OMB Approval
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OMB Number 3235-0287
U.S. SECURITIES AND EXCHANGE COMMISSION Expires: September 30, 1998
WASHINGTON, D.C. 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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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Wang Samuel 8x8, Inc. - EGHT to Issuer
- --------------------------------------------- ---------------------------------------------- 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) February 1999 ---- title --- below)
(Street) ------------------ below)
Santa Clara CA 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 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 2/01/99 S 10,000 D $4.75 D
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Common Stock 2/23/99 G 2,000 D $4.75 D
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Common Stock 2/01/99 P 2,923 A(1) $3.40 D
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Common Stock 2/01/99 S 2,923 D $4.75 D
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TOTAL: 92,400(2)
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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) These shares were acquired under the 8x8, Inc. Employee Stock Purchase Plan.
(2) Includes 35,802 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 Mr. Wang remains an employee or consultant of the Company.
SEC 1474 (7-96)
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FORM 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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Employee Stock Option Common
(right to buy) $6.80 06/23/97 (1) 06/23/07 Stock 30,000 $6.80
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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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30,000 D
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Explanation of Responses:
(1) Shares vest at a rate of 1/48th per month after June 23, 1997.
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
/s/ Samuel Wang 3/9/99
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.
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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SEC 1474 (7-96)
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