F5 Networks Reports Inducement Grants under NASDAQ Listing Rule 5635(c)(4)
August 01 2014 - 4:45PM
Business Wire
F5 Networks, Inc. (NASDAQ:FFIV) announced today that on August
1, 2014, the company issued a total of 23,000 restricted stock
units (“RSUs”) to 11 employees who joined F5 in connection with the
company’s acquisition of Defense.Net, Inc., a provider of
cloud-based security services for protecting data centers and
Internet applications from distributed denial-of-service (DDoS)
attacks. This acquisition was completed on May 22, 2014. The RSUs
were granted as inducements to employment in accordance with NASDAQ
Listing Rule 5635(c)(4). The RSUs vest 25 percent on August 1, 2015
and the remaining 75 percent will vest in equal quarterly
installments over the following three-year period thereafter,
subject to the employee’s continued service relationship with the
company. The grants will be subject to the terms and conditions of
the F5 Networks, Inc. Defense.Net Acquisition Equity Incentive
Plan.
About F5 Networks
F5 (NASDAQ: FFIV) provides solutions for an application world.
F5 helps organizations seamlessly scale cloud, data center, and
software defined networking (SDN) deployments to successfully
deliver applications to anyone, anywhere, at any time. F5 solutions
broaden the reach of IT through an open, extensible framework and a
rich partner ecosystem of leading technology and data center
orchestration vendors. This approach lets customers pursue the
infrastructure model that best fits their needs over time. The
world’s largest businesses, service providers, government entities,
and consumer brands rely on F5 to stay ahead of cloud, security,
and mobility trends. For more information, go to f5.com.
F5 Networks, Inc.Public Relations:Alane Moran,
206-272-6850a.moran@f5.comorInvestor Relations:John Eldridge,
206-272-6571j.eldridge@f5.com
F5 (NASDAQ:FFIV)
Historical Stock Chart
From Aug 2024 to Sep 2024
F5 (NASDAQ:FFIV)
Historical Stock Chart
From Sep 2023 to Sep 2024