Sientra Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
August 17 2018 - 05:15PM
Sientra, Inc. (NASDAQ:SIEN) (“Sientra” or the “Company”), a
medical aesthetics company, today announced that on August 16,
2018, the Compensation Committee of the Board of Directors approved
equity award grants under the Sientra Inc. Inducement
Plan to 41 new employees, including to 22 new employees at the
Company’s miraDry subsidiary.
The new employees were granted restricted stock units
representing a total of 214,373 shares of common stock. The
restricted stock units will vest in time-based installments
beginning on the grant date. In each case, the vesting of
shares is contingent upon the recipient’s continued service with
the Company through each vesting date.
The grants were made as an inducement that was a material
component of each person’s compensation and subsequent acceptance
of employment with the Company or joining Sientra’s miraDry
subsidiary, and were granted as employment inducement awards
pursuant to NASDAQ Listing Rule 5635(c)(4) approved by the
Compensation Committee.
About Sientra
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 Contacts:
Paul Little Sientra, Chief Financial Officer (805)
679-8832 paul.little@sientra.com
Tram Bui / Brian Johnston The Ruth Group (646) 536-7035 / (646)
536-7028 IR@sientra.com
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