Web.com Announces Employment Equity Awards in Connection with Acquisition of Acquisio
November 08 2017 - 5:25PM
Web.com Group, Inc. (Nasdaq:WEB), a leading global provider of
Internet services and online marketing solutions for small
businesses, today announced that its Board of Directors has granted
equity awards to non-executive employees in connection with the
previously announced acquisition of the assets of Acquisio.
Web.com has granted inducement awards to 100 newly hired
employees under the Web.com Group, Inc. 2017 Acquisio Inducement
Award Plan. The inducement awards consist of 100,500 options
and 109,000 restricted share units covering an aggregate of 209,500
shares of Web.com's common stock. The awards were granted
effective November 8, 2017, and the options have a 10-year term and
an exercise price equal to $21.90 per share, which was the closing
price of Web.com's common stock on the date of grant. The
option and restricted stock awards vest over the course of four
years subject to the employee’s continued service with Web.com on
each vesting date. For options, 1/48th vest monthly.
For restricted share units, 25% vest annually on each anniversary
of the grant date.
About Web.com Web.com Group, Inc. (Nasdaq:WEB)
is a global provider of a full range of Internet services to small
businesses to help them compete and succeed online. Web.com meets
the needs of small businesses anywhere along their lifecycle with
affordable, subscription-based solutions including domains,
hosting, website design and management, search engine optimization,
online marketing campaigns, local sales leads, social media, mobile
products and eCommerce solutions. For more information, please
visit www.web.com; follow Web.com on Twitter @webdotcom or on
Facebook at facebook.com/web.com. Note to Editors: Web.com is a
registered trademark of Web.com Group, Inc.
ContactsInvestors:Ira
Berger904-680-6909Ira.Berger@web.com
Media:Brian
Wright904-371-6856Brian.Wright@web.com
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