|[November 16, 2012]
Riverbed Technology Reports New Equity Awards under NASDAQ Marketplace Rule 4350
SAN FRANCISCO --(Business Wire)--
Riverbed (News - Alert) Technology (NASDAQ: RVBD), the performance company, today
announced that, in accordance with NASDAQ Marketplace Rule 4350
(i)(1)(A)(iv), it has granted inducement stock options covering an
aggregate of 425,700 shares of common stock and inducement restricted
stock unit awards covering an aggregate of 12,200 shares of common stock
to 99 non-officer employees. Each option has been classified as a
non-qualified stock option, has an exercise price equal to the fair
market value on the grant date, and has a seven-year term. Each option
vests over four years, with 25% vesting on the one-year anniversary of
the applicable vesting commencement date, and then equal monthly aounts
vesting over the following three years. The restricted stock unit
vesting is generally approximately four years, with 25% vesting after an
initial period, and then 12.5% vesting each six-month period thereafter.
About Riverbed Technology
Riverbed delivers performance for the globally connected enterprise.
With Riverbed, enterprises can successfully and intelligently implement
strategic initiatives such as virtualization, consolidation, cloud
computing, and disaster recovery without fear of compromising
performance. By giving enterprises the platform they need to understand,
optimize and consolidate their IT, Riverbed helps enterprises to build a
fast, fluid and dynamic IT architecture that aligns with the business
needs of the organization. Additional information about Riverbed
(NASDAQ: RVBD) is available at www.riverbed.com.
Riverbed and any Riverbed product or service name or logo used herein
are trademarks of Riverbed Technology, Inc. All other trademarks used
herein belong to their respective owners.
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