Glu Mobile Announces New Employment Inducement Awards
(Thomson Reuters ONE) -
Glu Mobile Announces New Employment Inducement Awards
San Francisco, Calif. - Mar. 11, 2015 - Glu Mobile Inc. (NASDAQ: GLUU), a
leading global developer and publisher of free-to-play games for smartphone and
tablet devices, announced that on March 10, 2015, its Compensation Committee
awarded restricted stock units covering an aggregate of 41,600 shares of Glu's
common stock to 18 newly hired employees pursuant to Glu's 2008 Equity
Inducement Plan. Each of the restricted stock unit awards vests on a four-year
schedule - 25% of the underlying shares will vest on February 15, 2016, with the
remaining 75% of the underlying shares vesting in equal quarterly installments
over the next three years on the same day of each third month (e.g., the next
quarterly vesting date will be May 15, 2016, then August 15, 2016, etc.).
Glu's Compensation Committee adopted the 2008 Equity Inducement Plan, which is a
non-stockholder approved plan, to facilitate the granting of equity awards 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 free-to-
play games for smartphone and tablet devices. Glu is focused on creating
compelling original IP games such as CONTRACT KILLER, DEER HUNTER, DINER DASH,
DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS
and TAP SPORTS BASEBALL, and branded IP games including KIM KARDASHIAN:
HOLLYWOOD, ROBOCOP: THE OFFICIAL GAME, and HERCULES: THE OFFICIAL GAME, on the
App store, Google Play, Amazon App Store, Facebook, Mac App Store, and Windows
Phone. 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 major U.S. offices outside of Seattle and in Long Beach, and
international locations in Canada, China, India, Japan, Korea, 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
www.facebook.com/glumobile.
CONTRACT KILLER, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY
WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, TAP SPORTS BASEBALL GLU, GLU
MOBILE, and the 'g' character logo are trademarks of Glu Mobile Inc. or its
subsidiaries.
Investor Relations
Seth Potter
ICR Inc.
IR(at)glu.com
(646) 277-1230
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1902257]
Unternehmensinformation / Kurzprofil:
Datum: 11.03.2015 - 21:05 Uhr
Sprache: Deutsch
News-ID 377921
Anzahl Zeichen: 3474
contact information:
Town:
San Francisco
Kategorie:
Business News
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