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OMB APPROVAL
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OMB Number 3235-0362
Expires: September 30, 1998
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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 of 1940
Transactions
Reported
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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)
Abbott Sandra A. 8x8, Inc. - EGHT to Issuer (Check all applicable)
- ------------------------------------------- ---------------------------------------------- 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) March 25, 1999 ---- title --- below)
(Street) ------------------- below)
Santa Clara California 95054 5. If Amendment, Vice President Finance
- ------------------------------------------- Date of Original and 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 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 115,287(1)(2)(3) 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.
(2) Includes 5,418 shares which may be subject to a right of repurchase in favor of 8x8, Inc. The right of purchase lapses on a
monthly basis through July 10, 1999 as long as Ms. Abbott remains an employee or consultant of the Company.
(3) Includes 17,939 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.
(Over)
SEC 2270(7/96)
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FORM 5 (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. 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 $6.80 9/2/98 Common
(right to buy) D(4) 15,000 (5) 6/23/2007 Stock 15,000
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Employee Stock Option $2.82 9/2/98 Common
(right to buy) A 15,000 (6) 6/23/2007 Stock 15,000
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Employee Stock Option $2.44 10/19/98 Common
(right to buy) A 8,000 (7) 10/19/2008 Stock 8,000
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Employee Stock Option $4.75 2/16/99 Common
(right to buy) A 3,000 (8) 2/16/2009 Stock 3,000
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Employee Stock Option $4.75 2/16/99 Common
(right to buy) A 2,000 (8) 2/16/2009 Stock 2,000
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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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-0- D
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D
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D
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D
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28,000 D
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Explanation of Responses:
(4) Cancellation of option in connection with grant of replacement option.
(5) Vesting schedule is the same as previously reported on Form 3 or Forms 4.
(6) 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.
(7) 1/48th of the Shares vest on the last day of each full month after October 19, 1998 until all of the Shares have vested.
(8) 1/48th of the Shares vest on the last day of each full month after February 16, 1999 until all of the Shares have vested.
However, if certain milestones are met, the Shares shall vest at a rate of 1/12th per month after February 16, 1999 until
all of the Shares have vested.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Sandra A. Abbott 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 in this
form are not required to respond unless the form displays a currently valid OMB Number.
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SEC 2270(7-96)
