SOURCE: TIBCO Software Inc.

TIBCO Software Inc.

October 21, 2014 17:00 ET

TIBCO Software Grants Equity Awards Under Its Inducement Award Plan

PALO ALTO, CA--(Marketwired - Oct 21, 2014) - TIBCO Software Inc. (NASDAQ: TIBX) today announced that equity awards were granted to new non-officer employees on October 15, 2014 under its Inducement Award Plan (the "Plan"). As described below, the grants were made to new employees of TIBCO hired during the third 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 114,097 shares of restricted stock to 84 employees under the Plan, restricted stock units representing a total of 27,925 shares of common stock to 92 employees under the Plan and a non-qualified stock option to purchase a total of 3,000 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 October 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. The stock option grant was made at an exercise price of $22.96 per share, the closing price of TIBCO's common stock on the date of grant. The stock option has a seven-year term and is exercisable over four years from the employee's hire date, with 25 percent of the stock option exercisable on October 15, 2015 and 1/48th of the stock option exercisable each month thereafter.

About TIBCO

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 www.tibco.com.

TIBCO, TIBCO Software and Two-Second Advantage 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.

Contact Information

  • Media Relations Contact:
    Leslie Moore
    TIBCO Software Inc.
    (650) 846-5025
    lmoore@tibco.com

    Investor Relations Contact:
    John Ederer
    TIBCO Software Inc.
    (650) 846-8696
    jederer@tibco.com