In Accordance with NYSE Rule 303A.08, This Press Release Makes Public the Grant of Awards to New Green Dot CFO, Grace Wang

  In Accordance with NYSE Rule 303A.08, This Press Release Makes Public the
  Grant of Awards to New Green Dot CFO, Grace Wang

Business Wire

PASADENA, Calif. -- November 19, 2013

As required by the rules of the New York Stock Exchange, Green Dot Corporation
(NYSE:GDOT) today announced that it had granted employment inducement awards
of stock options and restricted stock units to Grace Wang, Green Dot’s
recently appointed Chief Financial Officer, as part of her previously
disclosed compensation package. On October 8, 2013, the Company announced the
hiring of Ms. Wang to serve as its new Chief Financial Officer, effective
November 18, 2013.

Ms. Wang was granted the option to purchase 100,000 shares of Green Dot’s
Class A common stock with an exercise price equal to the fair market value of
the common stock on the date of grant and restricted stock units providing for
the issuance of up to 100,000 shares of Class A common stock. The stock
options vest as to 25% of the shares underlying the stock options on the first
anniversary of the date of grant, with the remainder of the shares vesting
monthly in equal installments over the next three years. The shares underlying
the restricted stock units vest in four equal annual installments on the
anniversary of the grant date.

These awards were granted outside of Green Dot’s 2010 Equity Incentive Plan,
but except as set forth in the award agreements, will generally be subject to
the same terms and conditions as apply to the applicable awards granted under
the plan. The Compensation Committee of Green Dot’s Board of Directors
approved these employment inducement awards in reliance on the employment
inducement exception to shareholder approval provided under Section 303A.08 of
the NYSE Listed Company Manual. To comply with the terms of this exemption,
these employment inducement awards require an immediate public announcement of
the awards and written notice to the NYSE.

About Green Dot Corporation

Green Dot Corporation is a technology-centric, pro-consumer Bank Holding
Company with a mission to reinvent personal banking for the masses. The
company is the largest provider of prepaid debit card products and prepaid
card reloading services in the United States, as well as a leader in mobile
banking with its GoBank mobile bank account offering. Green Dot Corporation
products are available to consumers at more than 80,000 retailers nationwide,
online and via the leading app stores. The company is headquartered in
Pasadena, California with its bank subsidiary, Green Dot Bank, located in
Provo, Utah.

Contact:

Investor Relations
Christopher Mammone, 626-765-2427
or
Media Relations
Brian Ruby, 203-682-8268
 
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