Procera Networks, Inc. Reports Inducement Grants Under NASDAQ
Marketplace Rule 5635(c)(4)
FREMONT, CA -- (Marketwire) -- 01/11/13 -- Procera Networks, Inc.
(NASDAQ: PKT), the global intelligent policy enforcement company,
today announced that in association with its January 9, 2013
acquisition of Vineyard Networks Inc., and in accordance with NASDAQ
Marketplace Rule 5635(c)(4), Procera has granted options to purchase
shares of its common stock to 34 employees of Vineyard who are now
joining Procera. On January 9, 2013, Procera granted options to
purchase an aggregate of 412,000 shares of Procera common stock as
inducements material to the 34 Vineyard employees entering into
employment with Procera. Each of the options has an exercise price
equal to $17.77, the closing price of Procera's common stock as
reported on the NASDAQ Global Select Market on the date of the grant.
One quarter of each option will vest on the one-year anniversary of
the grant date, and 1/48th will vest each month thereafter for the
following 36 months, subject to the employee's continued service
relationship with Procera.
About Procera Networks, Inc.
Procera Networks Inc. (NASDAQ: PKT)
delivers Intelligent Policy Enforcement solutions designed for
carriers, service providers and enterprises worldwide. Procera's
PacketLogic solutions provide actionable intelligence and policy
enforcement to ensure a high quality experience for any Internet
connected devices. Network operators deploy Procera's technology to
enable real-time visibility, superior performance and scalability,
and deliver personalized services for millions of enterprises and
consumers. For more information, visit www.proceranetworks.com or
follow Procera on twitter at @ProceraNetworks.
Engage PR for Procera Networks
Investor Relations Contact
Charles Messman or Todd Kehrli
MKR Group Inc.
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