Adamas Announces New Employment Inducement Grant
October 09 2020 - 4:03PM
Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS) today announced that
the compensation committee of the company’s board of directors
granted four new employees the option to purchase an aggregate of
161,000 shares of the company’s common stock, at a per share
exercise price of $4.45, the closing trading price on October 7,
and restricted stock units to acquire 80,500 shares of the
company’s common stock. The stock options and restricted stock
units vest over four years and were granted pursuant to the Adamas
Pharmaceuticals, Inc. 2016 Inducement Plan, which was approved by
the company's board of directors in March 2016 under Rule
5653(c)(4) of the Nasdaq Global Market for equity grants to induce
new employees to enter into employment with the company.
About Adamas Pharmaceuticals, Inc.
At Adamas our vision is clear – to deliver
innovative medicines that reduce the burden of neurological
diseases on patients, caregivers and society. We are a fully
integrated company focused on growing a portfolio of therapies to
address a range of neurological diseases. For more information,
please visit www.adamaspharma.com.
Contact:
Investors:Peter VozzoWestwicke Partners
443-213-0505peter.vozzo@westwicke.com
Media: Sarah MathiesonVice President, Communications &
Engagement 510-450-3528smathieson@adamaspharma.com
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