TIBCO Software Grants Equity Awards Under Its Inducement Award Plan
PALO ALTO, CA -- (Marketwired) -- 04/19/13 -- TIBCO Software Inc.
(NASDAQ: TIBX) today announced that equity awards were granted to new
non-officer employees on April 17, 2013 under its Inducement Award
Plan (the "Plan"). The Plan was originally adopted by the Board of
Directors of TIBCO on April 9, 2013 in accordance with NASDAQ
Marketplace Rule 5635(c)(4).
TIBCO granted a total of 68,464 shares of restricted stock to 69
employees under the Plan. Additionally, TIBCO granted restricted
stock units representing a total of 4,878 shares of common stock to
14 employees under the Plan.
All of the restricted stock and the restricted stock units vest over
four years, with 50 percent of the restricted stock or restricted
stock units vesting on April 15, 2015, 25 percent of the restricted
stock or restricted stock units vesting on the one year anniversary
thereof, and the remainder of the applicable award vesting on the two
year anniversary thereof.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure
software for companies to use on-premise or as part of cloud
computing environments. Whether it's optimizing claims, processing
trades, cross-selling products based on real-time customer behavior,
or averting a crisis before it happens, TIBCO provides companies the
two-second advantage(R) -- the ability to capture the right
information at the right time and act on it preemptively for a
competitive advantage. More than 4,000 customers worldwide rely on
TIBCO to manage information, decisions, processes and applications in
real time. Learn more at www.tibco.com.
TIBCO, two-second advantage and TIBCO Software are trademarks or
registered trademarks of TIBCO Software Inc. in the United States
and/or other countries. All other product and company names and marks
mentioned in this document are the property of their respective
owners and are mentioned for identification purposes only.
Media Relations Contact:
TIBCO Software Inc.
Investor Relations Contact:
TIBCO Software Inc.
Press spacebar to pause and continue. Press esc to stop.