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                                                           OMB APPROVAL        
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- ------                                              OMB Number:   3235-0287    
FORM 4                                              Expires: September 30, 1998
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                                                    hours per response .... 0.5
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                             UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                          WASHINGTON, DC 20549
                                       
                               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               


(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 Person to
    Voois          Paul                           8x8, Inc.-EGHT                                Issuer (Check all applicable)
- ---------------------------------------------------------------------------------------------    X  Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4. Statement for      ----              ---
                                                  Number of Reporting        Month/Year          X  Officer (give    Other (Specify
         2445 Mission College Blvd.               Person (Voluntary)         August 1998        ----        title ---       below)
- ---------------------------------------------                             -------------------               below)
                 (Street)                                                                              Chairman and CEO
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                                                                          5. If Amendment,    7. Individual or Joint/Group Filing
                                                                             Date of Original    Reporting (Check applicable box)
                                                                             (Month/Year)         X   Form filed by One
                                                                                                 ---- Reporting Person
                                                                                                      Form filed by More than
   Santa Clara      CA             95054                                                         ---- One Reporting Person
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  (City)           (State)           (Zip)     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                     8/03/98   P      V      2,795     A(1)     $3.40                               D 
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Common Stock                     8/25/98   M            10,000     A        $0.50                               D
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                                                                            TOTAL:            43,642            D
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(1) These shares were acquired under the 8x8, Inc. Employee Stock Purchase Plan.


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)
 
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) - ------------------------------------------------------------------------------------------------------------------------------------ 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 Deriva- Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) tive Deriva- Day/ Disposed of (D) (Month/Day/ Secur- tive Year) (Instr. 3, 4, Year) ity Security and 5) (Instr. 5) ----------------------------------- Date Expira- Amount or -------------------------- Exer- tion Title Number of Code V (A) (D) cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock $0.50 8/25/98 M 875 (1) 10/27/04 Common 126 $0.50 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock $0.50 8/25/98 M 2,916 (2) 08/14/05 Common 5,001 $0.50 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock $0.50 8/25/98 M 729 (3) 05/21/06 Common 2,188 $0.50 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock $0.50 8/25/98 M 3,998 (4) 06/24/06 Common 9,167 $0.50 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock $0.50 8/25/98 M 1,482 (5) 07/17/06 Common 2,518 $0.50 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock (6) 10/21/06 Common 25,000 $5.00 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock (7) 01/20/07 Common 170,000 $6.80 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock (8) 06/23/07 Common 30,000 $6.80 Option (right to buy) Stock - ------------------------------------------------------------------------------------------------------------------------------------ 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) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock 244,000 D Option (right to buy) - ------------------------------------------------------------------------------------------------------- Explanation of Responses: (1) Remainder of unexercised grant of 6,000 shares that vest at a rate of 1/4th on October 27, 1998 and 1/48th per month thereafter. (2) Remainder of unexercised grant of 20,000 shares that vest at a rate of 1/48th per month after vesting commencement date of August 14, 1996. (3) Remainder of unexercised grant of 5,000 shares that vest at a rate of 1/48th per month after vesting commencement date of May 21, 1996. (4) Remainder of unexercised grant of 20,000 shares that vest at a rate of 1/48th per month after vesting commencement date of June 24, 1996. (5) Shares vest at a rate of 1/48th per month after vesting commencement date of July 17, 1996. (6) Shares vested in full. (7) Shares vest at a rate of 1/48th per month after vesting commencement date of January 20, 1997. (8) Shares vest at a rate of 1/48th per month after vesting commencement date of June 23, 1997. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. 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. Page 2 If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (7/96) A:\PV0898.\VPD 9/02/98