Salesforce.com Grants Equity Awards Under Its Inducement Equity Incentive Plan
SAN FRANCISCO, Nov. 27, 2012
SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ --Salesforce.com [NYSE: CRM], the
enterprise cloud computing company, today reported that it granted equity
awards under its 2006 Inducement Equity Incentive Plan (the "Plan") to new
employees who joined salesforce.com with the acquisition of GoInstant. The
Plan was originally adopted by the Board of Directors inMay 2006in
accordance with New York Stock Exchange Rule 303A.08.
Founded in 2011, GoInstant is the leader in enabling companies to connect with
customers through shared web experiences. GoInstant's co-browsing capabilities
will give salesforce.com customers an entirely new way to build close
connections with their customers and deliver exceptional sales and service
Salesforce.com has granted a total of 19,742 restricted stock units ("RSUs")
to nine employees under the Plan as ofNovember 27, 2012. The terms of these
RSUs are as follows: 33 percent of the total amount granted vesting on the one
year anniversary date of the grant date, an additional 33 percent of the total
amount granted vesting on the second year anniversary date of the grant date
and the final 34 percent of the total amount granted vesting on the third year
anniversary date of the grant date.
Each of the new employees receiving an equity award is a non-executive
employee who was previously with GoInstant and joined salesforce.com as a
result of the acquisition.
The acquisition of GoInstant closed on September 4, 2012.
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Contact: Media Relations, Gina Sheibley, salesforce.com, +1-415-537-1363,
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