Sientra Reports Inducement Grant under NASDAQ Listing Rule 5635(c)(4)
March 01 2017 - 4:02PM
Sientra, Inc. (NASDAQ:SIEN) (“Sientra”), a medical aesthetics
company, today announced that it has granted 36,000 time-vested
restricted stock units under its Inducement Plan to Vidur Sahney,
Sientra’s new Vice President, Operations and Supply Chain, pursuant
to the terms of his employment with Sientra. This award was
approved by the Compensation Committee of Sientra’s Board of
Directors and was granted as an inducement material to Mr. Sahney’s
entering into employment with Sientra, pursuant to Rule 5635(c)(4)
of the NASDAQ Listing Rules.
The restricted stock unit award was granted on
February 28, 2017 and will vest in equal installments over a
three-year period, based on Mr. Sahney’s continued service
relationship with Sientra on each vesting date.
About SientraHeadquartered in
Santa Barbara, California, Sientra is a medical aesthetics company
committed to making a difference in patients’ lives by enhancing
their body image, growing their self-esteem and restoring their
confidence. The Company was founded to provide greater choice to
board-certified plastic surgeons and patients in need of medical
aesthetics products. The Company has developed a broad portfolio of
products with technologically differentiated characteristics,
supported by independent laboratory testing and strong clinical
trial outcomes. The Company sells its breast implants and breast
tissue expanders exclusively to board-certified and
board-admissible plastic surgeons and tailors its customer service
offerings to their specific needs. The Company also offers a range
of other aesthetic and specialty products including bioCorneum®,
the professional choice in scar management.
Investor Contacts:
Patrick F. Williams
Sientra, Chief Financial Officer
(619) 675-1047
patrick.williams@sientra.com
Nick Laudico / Brian Johnston
The Ruth Group
(646) 536-7030 / (646) 536-7028
IR@Sientra.com
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