Rocket Fuel Grants Equity Awards Under Its 2016 Inducement Equity Incentive Plan
July 08 2016 - 06:52PM
Business Wire
Rocket Fuel (NASDAQ:FUEL), a leading programmatic marketing
platform provider, today announced that it granted equity awards to
new employees who are not executive officers of the company on July
7, 2016, under its 2016 Inducement Equity Incentive Plan (the
“Plan”). The Plan was originally adopted by the board of directors
of the company effective March 4, 2016 in accordance with NASDAQ
Listing Rule 5635(c)(4).
The company granted (i) nonstatutory stock options to purchase
an aggregate of up to 90,000 shares of Rocket Fuel common stock to
six new employees and (ii) a nonstatutory stock option to purchase
up to 60,000 shares of Rocket Fuel common stock to Maziar Sattari,
who joined the company as vice president of product management on
June 13, 2016. Each option has a 10-year term and an exercise price
of $2.37 per share, which was the closing price of Rocket Fuel’s
common stock on the grant date. Each option will vest as to 25% of
the award on the first anniversary of its vesting start date and as
to 1/48th of the award each month thereafter, subject to continued
employment through each vesting date.
The grants were approved by the compensation committee of the
company’s board of directors on July 7, 2016. As required by NASDAQ
Listing Rule 5635(c)(4), each grant was made as a material
inducement for the employee entering into an employment
relationship with the company.
About Rocket Fuel
A leading programmatic marketing platform provider, Rocket Fuel
Inc. (NASDAQ:FUEL) offers brands, agencies, and platform partners
managed services, as well as a SaaS-based Data Management Platform
(DMP) and Demand Side Platform (DSP), to optimize performance,
awareness, and lift across marketing objectives, channels and
devices. By applying artificial intelligence at big data scale,
Rocket Fuel's Moment Scoring™ technology performs a real-time
calculation of each ad opportunity based on a marketer's goal to
determine the likelihood a consumer will engage in a desired
action. Moment Scoring technology is designed to go beyond 1:1
marketing by learning to predict what marketing actions to take
with a campaign at a precise moment in time, which results in a
much more efficient use of marketing dollars. Rocket Fuel serves
more than 75 of the Ad Age 100, three of the top five agency
holding company trading desks, and partners with some of the
world's leading CRM platforms, marketing platforms and systems
integrators. Headquartered in Redwood City, California, Rocket Fuel
has over 20 offices worldwide.
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version on businesswire.com: http://www.businesswire.com/news/home/20160708005892/en/
Media Contact:Rocket FuelKristin Holloway,
650-481-6178pr@rocketfuel.comorInvestor Relations:Rocket
FuelJane Underwood, 650-517-2045ir@rocketfuel.com
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