Glu Mobile Announces New Employment Inducement Awards
(Thomson Reuters ONE) -
Glu Mobile Announces New Employment Inducement Awards
San Francisco, Calif. - Mar. 13, 2013 - Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of freemium games for smartphone and
tablet devices, announced that on March 12, 2013, its Compensation Committee
awarded stock options to purchase an aggregate of 184,000 shares of Glu's common
stock to eight newly hired employees pursuant to Glu's 2008 Equity Inducement
Plan. Each of the stock options has a six-year term, vests on a four-year
schedule (25% of the underlying shares will vest on the first anniversary of the
employee's hire date, and 2.083% of the underlying shares will vest monthly
thereafter), and have an exercise price equal to $2.83 per share, which was the
closing price of Glu's common stock on The NASDAQ Global Market on the March
12, 2013 grant date.
Glu's Compensation Committee adopted the 2008 Equity Inducement Plan, which is a
non-stockholder approved plan, to facilitate the granting of stock options as an
inducement material to new employees joining Glu. NASDAQ Marketplace Rule
5635(c)(4) requires a public announcement of equity awards made under this type
of plan.
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Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of freemium
games for smartphone and tablet devices. Glu is focused on creating compelling
original IP games such as CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY,
and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms including iOS,
Android, Windows Phone, Google Chrome, and MAC OS. Glu's unique technology
platform enables its titles to be accessible to a broad audience of consumers
globally. Founded in 2001, Glu is headquartered in San Francisco with a major
office outside Seattle, and international locations in Canada, China, and
Russia. Consumers can find high-quality entertainment wherever they see the 'g'
character logo or at www.glu.com. For live updates, please follow Glu via
Twitter at www.twitter.com/glumobile or become a Glu fan at
Facebook.com/glumobile.
CONTRACT KILLER, GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES
DEFENSE, GLU, GLU MOBILE and the 'g' character logo are trademarks of Glu Mobile
Inc.
Media Contacts
Jason Enriquez
Glu Mobile Inc.
PR(at)glu.com
(415) 800-6263
Investor Relations
Seth Potter
ICR Inc.
IR(at)glu.com
(646) 277-1230
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Glu Mobile Inc. via Thomson Reuters ONE
[HUG#1685194]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2013 - 21:05 Uhr
Sprache: Deutsch
News-ID 239235
Anzahl Zeichen: 3285
contact information:
Town:
San Francisco
Kategorie:
Business News
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