F5 Networks Reports Inducement Grants Under NASDAQ Listing Rule 5635
SEATTLE--(BUSINESS WIRE)-- F5 Networks, Inc. (FFIV) today announced that on May 1, 2012, the company issued a total of 53,769 restricted stock units (RSUs) to 52 new employees who joined F5 Networks in connection with the companys acquisition of Traffix Systems, the leading provider of 4G diameter signaling products for telecommunications service providers. This acquisition was completed on February 22, 2012. The RSUs were granted as inducements to employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs vest over four years, with 25% of the RSUs vesting on the one-year anniversary of the grant date and the remainder vesting in equal quarterly installments thereafter, subject to the employees continued service relationship with the company. The grants will be subject to the terms and conditions of the F5 Networks, Inc. Traffix Acquisition Equity Incentive Plan.
About F5 Networks
F5 Networks, Inc., the global leader in Application Delivery Networking (ADN), helps the worlds largest enterprises and service providers realize the full value of virtualization, cloud computing, and on-demand IT. F5® solutions help integrate disparate technologies to provide greater control of the infrastructure, improve application delivery and data management, and give users seamless, secure, and accelerated access to applications from their corporate desktops and smart devices. An open architectural framework enables F5 customers to apply business policies at strategic points of control across the IT infrastructure and into the public cloud. F5 products give customers the agility they need to align IT with changing business conditions, deploy scalable solutions on demand, and manage mobile access to data and services. Enterprises, service and cloud providers, and leading online companies worldwide rely on F5 to optimize their IT investments and drive business forward. For more information, go to www.f5.com.
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F5 Networks, Inc.
John Eldridge, 206-272-6571
Alane Moran, 206-272-6850
Source: F5 Networks, Inc.Copyright Business Wire 2012