News Article
TriQuint announces inducement equity grants
The grant was undertaken under NASDAQ Marketplace Rule 5635
The Compensation Committee of TriQuint's Board of Directors approved a stock option award for an aggregate of 150,000 shares of the company's common stock under the company's 2008 Inducement Award Program to one new employee.
The stock option grant was effective March 7th, 2013.
The options will vest 25 percent on March 7th, 2014 with the remaining 75 percent vesting quarterly over the next three years, and have an exercise price of $4.58, which was the closing price of TriQuint's common stock on March 7th, 2013. The option grant expires on March 7th, 2023.
TriQuint's Compensation Committee, which is solely comprised of independent directors, approved the grant of the stock options on February 13th, 2013 in accordance with NASDAQ Listing Standard 5635(c)(4).
The stock option grant was effective March 7th, 2013.
The options will vest 25 percent on March 7th, 2014 with the remaining 75 percent vesting quarterly over the next three years, and have an exercise price of $4.58, which was the closing price of TriQuint's common stock on March 7th, 2013. The option grant expires on March 7th, 2023.
TriQuint's Compensation Committee, which is solely comprised of independent directors, approved the grant of the stock options on February 13th, 2013 in accordance with NASDAQ Listing Standard 5635(c)(4).
