Sientra Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
August 10 2018 - 4:01PM
Sientra, Inc. (Nasdaq:SIEN) (the “Company”) today announced that on
August 8, 2018, Paul Little received an equity award grant from the
Compensation Committee of the Board of Directors approved under the
Sientra Inc. Inducement Plan.
Mr. Little was granted restricted stock units representing a
total of 50,000 shares of common stock. The restricted stock units
will vest in three equal annual installments beginning on the grant
date. The vesting of shares is contingent upon Mr. Little’s
continued employment with the Company through each vesting
date.
The grant was made as an inducement that was a material
component of Mr. Little’s compensation and subsequent acceptance of
employment with the Company and was granted as an employment
inducement award pursuant to NASDAQ Listing Rule 5635(c)(4)
approved by the Compensation Committee.
About Sientra, Inc.
Headquartered 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, and
miraDry, the only FDA cleared device to reduce underarm sweat, odor
and permanently reduce hair of all colors.
Investor Contact
Paul LittleSientra, Chief Financial Officer(805)
679-8832Paul.Little@sientra.com
Tram Bui / Brian JohnstonThe Ruth
Group(646) 536-7035 /
(646) 536-7028IR@sientra.com
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