Baldwin Granted Inducement Options
December 09 2011 - 5:56PM
Business Wire
Baldwin Technology Company, Inc. (NYSE Amex: BLD), a global
leader in process automation technology for the print media
industry, announced that it has previously granted certain stock
options as an inducement to accepting employment with the Company
to its President and CEO, Mark T. Becker and to its Vice President,
CFO and Treasurer, Ivan R. Habibe as described below.
Effective October 1, 2010, the Company granted to Mr. Becker
inducement stock options to purchase 200,000 shares of Class A
Common Stock at an exercise price of $1.20 per share, which options
are exercisable on or after October 1, 2011 and have an expiration
date of October 1, 2020.
Effective April 4, 2011, the Company granted to Mr. Habibe
inducement stock options to purchase 150,000 shares of Class A
Common Stock at an exercise price of $1.61 per share, which options
vest and become exercisable as to one-third the number of shares
granted on each of the first, second and third anniversaries of the
date of grant. The options granted to Mr. Habibe have an expiration
date of April 4, 2021.
These stock option awards were previously reported in other
public SEC filings and are included in this press release in
accordance with a listing requirement of the NYSE Amex.
About Baldwin
Baldwin Technology Company, Inc. is a leading international
supplier of process automation equipment and related consumables
for the print media industry. Baldwin offers its customers a broad
range of market-leading technologies, products and systems that
enhance the quality of printed products and improve the economic
and environmental efficiency of the printing process. Headquartered
in Boca Raton, Florida, the Company has operations strategically
located in the major print media markets and distributes its
products via a global sales and service infrastructure.
Baldwin’s cutting edge systems include UV and LED curing, IR
drying, spray dampening, blanket, plate and web cleaning, fluid
management, ink control, web press protection and related press
consumables. Visit http://www.baldwintech.com for more information.
A profile for investors is available at
www.hawkassociates.com/profile/bld.cfm.
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