Glu Mobile Announces New Employment Inducement Awards
March 11 2015 - 4:05PM
Glu Mobile
Announces New Employment Inducement Awards
San Francisco, Calif. - Mar. 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 March 10, 2015, its Compensation
Committee awarded restricted stock units covering an aggregate of
41,600 shares of Glu's common stock to 18 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, FRONTLINE
COMMANDO, RACING RIVALS and TAP SPORTS
BASEBALL, 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, RACING RIVALS,
TAP SPORTS BASEBALL 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#1902257
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