PALO ALTO, CA--(Marketwired - Jul 16, 2013) - TIBCO Software Inc. (
With respect to new employees, TIBCO granted a total of 95,368 shares of restricted stock to 89 employees under the Plan, restricted stock units representing a total of 7,784 shares of common stock to 17 employees and a non-qualified stock option to purchase a total of 5,000 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 July 15, 2015, 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 on July 15, 2013 at an exercise price of $23.67 per share, the closing price of TIBCO's common stock on the date of grant. The stock option has a seven-year term and vests over four years with 25 percent of the shares vesting on the first anniversary of the grant date and the balance vesting monthly thereafter in 36 equal installments.
With respect to new employees hired in connection with the StreamBase acquisition, TIBCO granted a total of 84,575 shares of restricted stock to 35 employees under the Plan and restricted stock units representing 2,615 shares of common stock to 5 employees under the Plan. All of the restricted stock and restricted stock units vest over four years, with 25 percent of the restricted stock or restricted stock units vesting on July 15, 2014 and 25 percent of the restricted stock or restricted stock units vesting each year thereafter through the fourth anniversary of the grant date.
About TIBCO
TIBCO Software Inc. (
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.
Contact Information:
Media Relations Contact:
Leslie Moore
TIBCO Software Inc.
(650) 846-5025
lmoore@tibco.com
Investor Relations Contact:
Giuseppe Incitti
TIBCO Software Inc.
(650) 846-5637
gincitti@tibco.com