Rocket Fuel Grants Equity Awards Under Its 2016 Inducement Equity Incentive Plan
August 18 2016 - 06:08PM
Business Wire
Rocket Fuel (NASDAQ: FUEL), a leading programmatic marketing
platform provider, today announced that it granted equity awards to
its new chief revenue officer and to two new employees who are not
executive officers of the company on August 17, 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 9,000 shares of Rocket Fuel common stock to
two new employees and (ii) a nonstatutory stock option to purchase
up to 200,000 shares of Rocket Fuel common stock to Rick Song, who
joined the company as chief revenue officer on July 25, 2016. Each
option has a 10-year term and an exercise price of $3.19 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 company also granted 32,500
restricted stock units (“RSUs”) to Mr. Song. The RSUs will vest as
to 25% of the awards one year from the vesting start date and as to
12.5% of the award every six months 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 August 17, 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
Rocket Fuel applies artificial intelligence and big data to
predict the potential of every moment and make marketing more
meaningful and accountable. Headquartered in Redwood City,
California, the company has more than 20 offices worldwide and
trades on the NASDAQ Global Select Market under the ticker symbol
"FUEL." Rocket Fuel, the Rocket Fuel logo, Moment Scoring,
Advertising That Learns and Marketing That Learns are trademarks or
registered trademarks of Rocket Fuel Inc. in the United States and
other countries.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818006303/en/
Media Contact:Rocket FuelKristin Holloway,
650-481-6178pr@rocketfuel.comorInvestor Relations:Rocket
FuelJane Underwood, 650-517-2045ir@rocketfuel.com
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