The stock options and
restricted stock units were granted as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(4).
NORDIC BUSINESS REPORT-June 7, 2019-Genmab reports on grant of
restricted stock units and warrants to employees
The inducement awards consist of an aggregate of 16,000 options to purchase shares of Millennial Media common stock granted to five new hires, 50,000
restricted stock units of Millennial Media common stock specifically negotiated in connection with the hire of another individual, and 350,000
restricted stock units of company stock specifically negotiated in connection with the hire of another individual.
The value of one
restricted stock unit is DKK143.8, based on an average of the closing price of the company's shares over a period of 15 trading days prior to the date of grant.
Genmab A/S (CPH:GEN), a biotechnology company specialising in the creation and development of differentiated antibody therapeutics for the treatment of cancer, announced on Friday the decision at a board meeting by its board of directors to grant 6,397
restricted stock units and 19,982 warrants to employees of the company and two of the company's subsidiaries.
Biopharmaceutical company Puma Biotechnology Inc (NASDAQ:PBYI) announced on Tuesday that it awarded inducement
restricted stock unit to three new non-executive employees entering into employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Global Banking News-April 10, 2019-Puma Biotechnology announces inducement
restricted stock unit to three new non-executive employees under Nasdaq Listing Rule 5635(c)(4)
Additionally, the
restricted stock units will vest in three equal annual installments beginning on the first anniversary of the grant date and will be subject to the
restricted stock unit agreement pursuant to which the
restricted stock units will be granted, concluded the company.
JDSU (NASDAQ: JDSU) (TSX: JDU) reported that, in connection with the acquisition of Network Instruments, it has issued grants of compensatory
restricted stock unit awards to Network Instruments employees joining JDSU.
Each
restricted stock unit is subject to the terms and conditions of Horizon Pharma's 2014 Equity Incentive Plan and the
restricted stock unit agreement pursuant to which the
restricted stock unit was granted.
On 15 August 2016, the company's board of directors awarded McFarlane with a stock option to acquire 120,000 shares of its common stock, a performance-based
restricted stock unit award covering 30,000 shares of its common stock as well as a time-based
restricted stock unit award covering 15,000 shares of its common stock.
