TIBCO Software Grants Equity Awards Under Its Inducement Award Plan
PALO ALTO, CA--(Marketwired - Apr 19, 2013) - TIBCO Software Inc. (NASDAQ: TIBX) today announced that equity awards were granted to new non-officer employees on April 17, 2013 under its Inducement Award Plan (the "Plan"). 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).
TIBCO granted a total of 68,464 shares of restricted stock to 69 employees under the Plan. Additionally, TIBCO granted restricted stock units representing a total of 4,878 shares of common stock to 14 employees 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 April 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.
About TIBCO
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 www.tibco.com.
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.
