Each restricted stock unit
provides the owner with a right to receive one share in Bavarian Nordic A/S of nominally DKK10.
The Company has reserved an aggregate of 300,000 shares of its common stock (including the shares underlying the stock options and restricted stock unit
awards described above) for issuance under the Plan, which was approved by the Companys Board of Directors in January 2017.
Under NASDAQ Listing Rule 5635(c)(4), the company's compensation committee granted Dr Rote with a stock option to purchase 60,000 shares of its common stock, a performance-based restricted stock unit
award covering 15,000 common stock as well as a time-based restricted stock unit
award covering 10,000 common stock.
The new restricted stock unit
award for 50,000 units will vest over a period of four years, with 25 percent of the restricted stock units
vesting after one year, and the remainder vesting in equal quarterly installments thereafter, subject to the grantee's continued employment with Millennial Media on the applicable vesting date.
The difference between a phantom stock plan and SARs is that the grantee of a phantom stock unit
typically receives, as part of the grant, the full value of a share of stock, while the grantee of a SAP.
Regan's inducement award consists of a restricted stock unit
award representing the right to receive up to 155,000 shares of Shutterfly's common stock, which award will vest over four years, with 25% of the underlying shares vesting on each of the first, second, third and fourth anniversaries of the grant date.
Reportedly, each restricted stock unit
is awarded cost-free and provides the owner with a right and obligation to receive one share in Genmab A/S of nominally DKK1.
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
vests over four years, with 25 percent of the shares vesting on each anniversary of the applicable vesting commencement date, subject to the new employee's continued service relationship with the Company.
The company said each restricted stock unit
is awarded cost-free and provides the owner with a right and obligation to receive one share in Genmab of nominally DKK1.
NYSE: SLH) said its board of directors has approved a 36% increase of its quarterly dividend per share of outstanding common stock and per outstanding restricted stock unit
The restricted stock unit
award vests as to 1/4th of the shares subject to the restricted stock unit
award on the first established quarterly vesting date following the one-year anniversary of the employee's date of hire and thereafter as to 1/16th of the original number of shares subject to the restricted stock unit
award on each succeeding August 15th, November 15th, February 15th and May 15th subject to the new employee's continued service relationship with Exelixis on each such date.