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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------------
WASHINGTON, D.C. 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number 3235-0287
[ ] 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
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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)
McNiffe Chris J. 8x8, Inc. -- EGHT to Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for --- ---
2445 Mission College Blvd. Number of Reporting Month/Year X Officer (give Other (specify
- --------------------------------------------- Person, if an entity May 1999 --- title --- below)
(Street) (Voluntary) ------------------ below)
Santa Clara California 95054 5. If Amendment, Vice President Sales and
- --------------------------------------------- Date of Original Marketing
(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 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 5/21/99 S 4,076 D $5.3750 176,400(1)(2) D
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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) Includes 4,169 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 July 10, 1999 as long as Mr. McNiffe remains an employee or consultant of the Company.
(2) Includes 15,547 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. McNiffe remains an employee or consultant of the Company.
SEC 1474 (7-96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR 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 $4.50 4/9/99 A V 15,000 (3) 4/9/2009 Common 15,000
(right to buy) Stock
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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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70,000 D
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Explanation of Responses:
(3) 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.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Chris J. McNiffe
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person date
June 4, 1999
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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.
