SOURCE: TIBCO Software Inc.
PALO ALTO, CA--(Marketwired - Apr 15, 2014) - TIBCO Software Inc. (NASDAQ: TIBX) today announced that equity awards were granted to new non-officer employees on April 15, 2014 under its Inducement Award Plan (the "Plan"). As described below, the grants were made to new employees of TIBCO hired during the first fiscal quarter. 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 74,392 shares of restricted stock to 52 employees under the Plan and granted restricted stock units representing a total of 31,660 shares of common stock to 21 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, 2016, 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.
TIBCO Software Inc. (NASDAQ: TIBX) is a global leader in infrastructure and business intelligence software. Whether it's optimizing inventory, cross-selling products, or averting crisis before it happens, TIBCO uniquely delivers the Two-Second Advantage® -- the ability to capture the right information at the right time and act on it preemptively for a competitive advantage. With a broad mix of innovative products and services, TIBCO is the strategic technology partner trusted by businesses around the world. Learn more about TIBCO at http://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.