1 --------------------------------- OMB APPROVAL --------------------------------- OMB Number 3235-0362 Expires: September 30, 1998 Estimated average burden hours per response..........1.0 --------------------------------- - ------ FORM 5 - ------ / / 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 Transactions of 1940 Reported - ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) Noonen Michael 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 Strategic - ------------------------------------------- Date of Original Marketing & Business Development (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 - ------------------------------------------------------------------------------------------------------------------------------------ TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED - ------------------------------------------------------------------------------------------------------------------------------------ 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 (Month/ (Instr. 8) End of Issuer's Direct Benefi- (Day/ Fiscal Year (D) or cial Year) ---------------------------- (Instr. 3 and 4) Indirect Owner- Amount (A) or Price (I) ship (D) (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 128,767(1)(2)(3) D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ *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 14,584 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 May 21, 2000 as long as Mr. Noonen 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 Mr. Noonen remains an employee or consultant of the Company. SEC 2270(7-96)
2 FORM 5 (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. 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) ----------------------------------- Date Expira- Amount or --------------- Exer- tion Title Number of (A) (D) cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $4.50 7/20/98 Common (right to buy) A 25,000 (4) 7/20/2008 Stock 25,000 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $6.80 9/2/98 Common (right to buy) D(5) 30,000 (6) 6/23/2007 Stock 30,000 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $2.82 9/2/98 Common (right to buy) A 30,000 (7) 6/23/2007 Stock 30,000 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $4.50 9/2/98 Common (right to buy) D(5) 25,000 (4)(8) 7/20/2008 Stock 25,000 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $2.82 9/2/98 Common (right to buy) A 25,000 (7) 7/20/2008 Stock 25,000 - ------------------------------------------------------------------------------------------------------------------------------------ 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) - ------------------------------------------------------------------------------------------------------- Employee Stock Option D (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock Option -0- D (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock Option D (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock Option -0- D (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock Option D (right to buy) - ------------------------------------------------------------------------------------------------------- Explanation of Responses: (4) 100% vested on July 20, 1998. (5) Cancellation of option in connection with grant of replacement option. (6) Vesting schedule is as previously reported on Form 3. (7) 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. (8) 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. (9) The Shares shall vest in full on September 21, 2002. 25,000 shares may vest immediately if certain milestones are reached and the remaining 25,000 shares may vest immediately if additional milestones are reached. (10) 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. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Michael Noonen May 5, 1999 ------------------------------- ----------- **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. Page 2 of 3 Page 2 SEC 2270(7-96)
3 FORM 5 (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. 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) ----------------------------------- Date Expira- Amount or --------------- Exer- tion Title Number of (A) (D) cisable Date Shares - ----------------------------------------------------------------------------------------------------------------------------------- Employee Stock Option $3.13 9/21/98 Common (right to buy) A 50,000 (9) 9/21/2008 Stock 50,000 - ----------------------------------------------------------------------------------------------------------------------------------- Employee Stock Option $2.44 10/19/98 Common (right to buy) A 8,000 (10) 10/19/2008 Stock 8,000 - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- 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) - ------------------------------------------------------------------------------------------------------- Employee Stock Options D (right to buy) - ------------------------------------------------------------------------------------------------------- Employee Stock Options 113,000 D (right to buy) - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- Explanation of Responses: (4) 100% vested on July 20, 1998. (5) Cancellation of option in connection with grant of replacement option. (6) Vesting schedule is the same as previously reported on Form 3. (7) 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. (8) 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. (9) The Shares shall vest in full on September 21, 2002. 25,000 shares may vest immediately if certain milestones are reached and the remaining 25,000 shares may vest immediately if additional milestones are reached. (10) 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. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Michael Noonen May 5, 1999 ------------------------------- ----------- Note. File three copies of this form, one of which must be manually signed. **Signature of Reporting Person Date 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. Page 3 of 3 Page 3 SEC 2270(7-96)