GERMANTOWN, Md., Sept. 26, 2016 /PRNewswire/ -- Intrexon
Corporation (NYSE: XON), a leader in synthetic biology, today
announced that pursuant to New York Stock Exchange Rule 303A.08 it
granted Geno J. Germano an
employment inducement award in connection with Mr. Germano's
appointment as President.
As Intrexon previously disclosed in a Current Report on Form 8-K
filed on May 17, 2016, the Intrexon
Compensation Committee approved the award to Mr. Germano of options
to purchase an aggregate of 2,000,000 shares of the Company's
common stock at an exercise price of $29.94, the closing price per share of the
Company's common stock on June 1,
2016, Mr. Germano's first day of employment with
Intrexon. A grant for 1,000,000 of these shares was
previously issued pursuant to Intrexon's 2013 Omnibus Incentive
Plan. The inducement award, a stock option award of 1,000,000
shares at an exercise price of $29.94, fulfills the balance of the company's
commitment to Mr. Germano and was a material inducement for Mr.
Germano to join Intrexon. The award vests in four equal
annual installments beginning on June
1, 2017. The award is subject to accelerated vesting
in certain situations and expires on May 31,
2026. The award will generally be subject to the same terms
and conditions as apply to awards granted under the 2013 Omnibus
Incentive Plan.
About Intrexon Corporation
Intrexon Corporation
(NYSE:XON) is Powering the Bioindustrial Revolution with Better
DNA™ to create biologically-based products that improve the quality
of life and the health of the planet. The Company's integrated
technology suite provides its partners across diverse markets with
industrial-scale design and development of complex biological
systems delivering unprecedented control, quality, function, and
performance of living cells. We call our synthetic biology approach
Better DNA®, and we invite you to discover more at
www.dna.com or follow us on Twitter at @Intrexon.
Trademarks
Intrexon, Powering the Bioindustrial
Revolution with Better DNA, and Better DNA are trademarks of
Intrexon and/or its affiliates.
For more information regarding Intrexon Corporation,
contact:
Investor Contact:
Christopher Basta
Vice President, Investor Relations
Tel: +1 (561) 410-7052
investors@intrexon.com
Corporate Contact:
Marie
Rossi, Ph.D.
Senior Manager, Technical Communications
Tel: +1 (301) 556-9850
publicrelations@intrexon.com
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SOURCE Intrexon Corporation