1 - ------ FORM 4 - ------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION ---------------------------------- WASHINGTON, D.C. 20549 OMB APPROVAL ---------------------------------- 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) - ------------------------------------------------------------------------------------------------------------------------------------ 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 - ------------------------------------------------------------------------------------------------------------------------------------ TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR 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 (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) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 5/20/99 D 9,568(2) D $0.50 85,832 D - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 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.
2 FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR 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 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 Code V (A) (D) cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $3.00 5/20/99 J 12,501 Common (right to buy) (3) (4) 6/20/99(4) Stock 17,499 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $2.44 5/20/99 J 6,001 Common (right to buy) (3) (4) 6/20/99(4) Stock 1,999 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $4.50 4/9/99 A V 10,000 Common (right to buy) (5) 4/9/2009(6) Stock 10,000 - ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Option $4.50 5/20/99 J 7,500 Common (right to buy) (3) (6) 6/20/99(6) Stock 2,500 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 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) - ------------------------------------------------------------------------------------------------------- D - ------------------------------------------------------------------------------------------------------- D - ------------------------------------------------------------------------------------------------------- D - ------------------------------------------------------------------------------------------------------- 21,998 D - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------- 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 ----------------------------------- 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.