Glu Mobile Announces New Employment Inducement Awards
May 12 2015 - 4:05PM
Business Wire
Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and
publisher of free-to-play games for smartphone and tablet devices,
announced that on May 11, 2015, its Compensation Committee awarded
restricted stock units covering an aggregate of 41,600 shares of
Glu’s common stock to 13 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 May 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 August 15, 2016, then November 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 RelationsSeth PotterICR Inc.IR@glu.com(646)
277-1230
Glu Mobile (NASDAQ:GLUU)
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