PALO ALTO, CA — (Marketwired) — 07/16/13 — (NASDAQ: TIBX) today announced that equity awards were granted to new non-officer employees on July 15, 2013 under its Inducement Award Plan (the “Plan”). As described below, the grants were made either (i) to new employees of TIBCO or (ii) to newly hired employees of TIBCO in connection with its previously announced acquisition of StreamBase Systems, Inc. (“StreamBase”). The Plan was originally adopted by the Board of Directors of TIBCO on April 9, 2013 in accordance with NASDAQ Marketplace Rule 5635(c)(4).
With respect to new employees, TIBCO granted a total of 95,368 shares of restricted stock to 89 employees under the Plan, restricted stock units representing a total of 7,784 shares of common stock to 17 employees and a non-qualified stock option to purchase a total of 5,000 shares of its common stock to one employee under the Plan. All of the restricted stock and the restricted stock units vest over four years, with 50 percent of the restricted stock or restricted stock units vesting on July 15, 2015, 25 percent of the restricted stock or restricted stock units vesting on the one year anniversary thereof, and the remainder of the applicable award vesting on the two year anniversary thereof. The stock option grant was made on July 15, 2013 at an exercise price of $23.67 per share, the closing price of TIBCO-s common stock on the date of grant. The stock option has a seven-year term and vests over four years with 25 percent of the shares vesting on the first anniversary of the grant date and the balance vesting monthly thereafter in 36 equal installments.
With respect to new employees hired in connection with the StreamBase acquisition, TIBCO granted a total of 84,575 shares of restricted stock to 35 employees under the Plan and restricted stock units representing 2,615 shares of common stock to 5 employees under the Plan. All of the restricted stock and restricted stock units vest over four years, with 25 percent of the restricted stock or restricted stock units vesting on July 15, 2014 and 25 percent of the restricted stock or restricted stock units vesting each year thereafter through the fourth anniversary of the grant date.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of infrastructure software for companies to use on-premise or as part of cloud computing environments. Whether it-s optimizing claims, processing trades, cross-selling products based on real-time customer behavior, or averting a crisis before it happens, TIBCO provides companies the two-second advantage® — the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. More than 4,000 customers worldwide rely on TIBCO to manage information, decisions, processes and applications in real time. Learn more at .
TIBCO, two-second advantage and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Leslie Moore
TIBCO Software Inc.
(650) 846-5025
Giuseppe Incitti
TIBCO Software Inc.
(650) 846-5637
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