SOAP UI Pro Load Strategy Settings Issue

Hi,

I m running Soap UI Pro 3.0.1 licensed version.

I m facing an issue while running load test. The load scenario is to execute 5 threads for 8 iterations and i had the following setting for the load test
threads - 5
strategy - simple
test delay - 0
random - 0
limit - 40 (5*8) total runs

As per the help, i expected the tool to run 40 runs, but i noticed the test case was run several 1000 times before the load test was 100% complete. (i was running wireshark in parallel to sniff the requests)

Alternately, I tried setting "limit 8 runs per thread " in limit section and saved the project. But when i reopned the project it reverted to limit 40 total runs!!

I have attached the load test report and test settings.

I m not sure what configuration settings is wrong!

I would greatly appreciate any resolution to this issue.

Thanks,
Vivek V

PS: Test Case info
Step 1 - data source step (excel with 40 rows of data)
Step 2 - soap request
Step 3 - property transfer for saving in data sink
Step 4 - data sink step to save response data
Step 5 - data source loop to step 2