8x8 2013 Annual Report Download - page 64

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1999 Nonstatutory Stock Option Plan
In fiscal 2000, the Company’s board of directors approved the 1999 Nonstatutory Stock Option Plan (“1999 Plan”) with
600,000 shares initially reserved for issuance thereunder. In fiscal 2001, the number of shares reserved for issuance was
increased to 3,600,000 shares by the Company’s board of directors. Under the terms of the 1999 Plan, options could not be
issued to either officers or directors of the Company unless granted to an officer in connection with the officer's initial
employment by the Company. Options generally vested over four years and expire ten years after grant. The 1999 Plan was not
approved by the stockholders of the Company. In May 2006, the Company’s board of directors cancelled the 1999 Plan, and
no new grants may be made from the 1999 Plan. There were no outstanding options under this plan at March 31, 2013.
2006 Stock Plan
In May 2006, the Company’s board of directors approved the 2006 Stock Plan (“2006 Plan”). The Company’s stockholders
subsequently adopted the 2006 Plan in September 2006, and the 2006 Plan became effective in October 2006. The Company
reserved 7,000,000 shares of the Company’s common stock for issuance under this plan. The 2006 Plan provides for granting
incentive stock options to employees and nonstatutory stock options to employees, directors or consultants. The stock option
price of incentive stock options granted may not be less than the fair market value on the effective date of the grant. Other
types of options and awards under the 2006 Plan may be granted at any price approved by the administrator, which generally
will be the compensation committee of the board of directors. Options generally vest over four years and expire ten years after
grant. In 2009, the 2006 Plan was amended to provide for the granting of stock purchase rights. The 2006 Plan expires in May
2016.
2003 Contactual Plan
In the second fiscal quarter of 2012, the Company assumed the Amended and Restated Contactual, Inc. 2003 Stock Option
Plan (the "2003 Contactual Plan") and registered an aggregate of 171,974 shares of the Company's common stock that may be
issued upon the exercise of stock options previously granted under the 2003 Contactual Plan and assumed by the Company
when it acquired Contactual. No new stock options or other awards can be granted under 2003 Contactual Plan.
2012 Equity Incentive Plan
In June 2012, the Company’s board of directors approved the 2012 Equity Incentive Plan (“2012 Plan”). The Company’s
stockholders subsequently adopted the 2012 Plan in July 2012, and the 2012 Plan became effective in August 2012. The
Company reserved 4,100,000 shares of the Company’s common stock for issuance under this plan. The 2012 Plan provides for
granting incentive stock options to employees and nonstatutory stock options to employees, directors or consultants, and
granting of stock appreciation rights, restricted stock, restricted stock units and performance units, qualified performance-based
awards and stock grants. The stock option price of incentive stock options granted may not be less than the fair market value on
the effective date of the grant. Other types of options and awards under the 2012 Plan may be granted at any price approved by
the administrator, which generally will be the compensation committee of the board of directors. Options, restricted stock and
restricted stock units generally vest over four years and expire ten years after grant. The 2012 Plan expires in June 2022.