Leap Reports Granting of Inducement Awards

                  Leap Reports Granting of Inducement Awards

PR Newswire

SAN DIEGO, Oct. 4, 2013

SAN DIEGO, Oct. 4, 2013 /PRNewswire/ -- Leap Wireless International, Inc.
(NASDAQ: LEAP) reported today that it has granted inducement awards to seven
new employees.

(Logo: http://photos.prnewswire.com/prnh/20101220/MM20546LOGO-a)

The awards were made on September 27, 2013 under Leap's 2009 Employment
Inducement Equity Incentive Plan, which provides for the granting of equity
awards to new employees of Cricket Communications, Inc. as an inducement to
join the company. The inducement awards consist of options to purchase up to
33,375 shares of Leap common stock and deferred stock units for 15,125 shares
of Leap common stock. The options have a ten year term and an exercise price
equal to the fair market value of Leap common stock on the date of grant. The
awards vest in four years, with the options vesting in equal 25 percent annual
increments and the deferred stock units vesting in 25 percent equal increments
on the second and third anniversaries of the date of grant and 50 percent on
the fourth anniversary of the date of grant. 

About Leap
Leap provides innovative, high-value wireless services to a fast-growing,
young and ethnically diverse customer base. With the value of unlimited
wireless services as the foundation of its business, Leap pioneered its
Cricket service. Cricket products and services are available nationwide
through company-owned stores, dealers, national retailers and at
MyCricket.com.Through its affordable, flat-rate service plans, Cricket offers
customers a choice of unlimited voice, text, data and mobile Web services.
Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select
Market under the ticker symbol "LEAP." For more information, please visit

SOURCE Leap Wireless International, Inc.

Website: http://www.leapwireless.com
Contact: Jennifer Wilbur, 858-882-9238, PR@cricketcommunications.com
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