Glu Mobile Announces New Employment Inducement Awards
February 11 2015 - 4:05PM
Glu Mobile Announces New
Employment Inducement Awards
San Francisco, Calif. - Feb. 11,
2015 - Glu Mobile Inc. (NASDAQ: GLUU), a leading global
developer and publisher of free-to-play games for smartphone and
tablet devices, announced that on February 10, 2015, its
Compensation Committee awarded restricted stock units covering an
aggregate of 47,900 shares of Glu's common stock to 10 newly hired
employees pursuant to Glu's 2008 Equity Inducement Plan. Each of
the restricted stock unit awards vests on a four-year schedule -
25% of the underlying shares will vest on February 15, 2016, with
the remaining 75% of the underlying shares vesting in equal
quarterly installments over the next three years on the same day of
each third month (e.g., the next quarterly vesting date will be May
15, 2016, then August 15, 2016, etc.).
Glu's Compensation Committee adopted the 2008
Equity Inducement Plan, which is a non-stockholder approved plan,
to facilitate the granting of equity awards as an inducement
material to new employees joining Glu. NASDAQ Marketplace Rule
5635(c)(4) requires a public announcement of equity awards made
under this type of plan.
###
Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global
developer and publisher of free-to-play games for smartphone and
tablet devices. Glu is focused on creating compelling original IP
games such as CONTRACT KILLER, DEER HUNTER, DINER
DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, and
FRONTLINE COMMANDO, and branded IP games
including KIM KARDASHIAN: HOLLYWOOD, ROBOCOP: THE
OFFICIAL GAME, and HERCULES: THE OFFICIAL
GAME, on the App store, Google Play, Amazon App Store,
Facebook, Mac App Store, and Windows Phone. Glu's unique technology
platform enables its titles to be accessible to a broad audience of
consumers globally. Founded in 2001, Glu is headquartered in San
Francisco with major U.S. offices outside of Seattle and in Long
Beach, and international locations in Canada, China, India, Japan,
Korea, and Russia. Consumers can find high-quality entertainment
wherever they see the 'g' character logo or at www.glu.com. For
live updates, please follow Glu via Twitter at
www.twitter.com/glumobile or become a Glu fan at
www.facebook.com/glumobile.
CONTRACT KILLER, DEER HUNTER,
DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS,
FRONTLINE COMMANDO, GLU, GLU MOBILE, and the 'g' character logo
are trademarks of Glu Mobile Inc. or its subsidiaries.
Investor Relations
Seth Potter
ICR Inc.
IR@glu.com
(646) 277-1230
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Glu Mobile Inc. via Globenewswire
HUG#1893851
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