F5
Networks, Inc. (“F5”) (NASDAQ:FFIV) today announced that on November
1, 2013, the company issued a total of 43,256 restricted stock units
(“RSUs”) to 19 employees who joined F5 in connection with the company’s
acquisition of Versafe Ltd., a provider of web anti-fraud,
anti-phishing, and anti-malware solutions. This acquisition was
completed on September 17, 2013. The RSUs were granted as inducements to
employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs
will vest 25 percent on November 1, 2014, and the remaining 75 percent
will vest in equal quarterly installments over the following three-year
period thereafter, subject to the employee’s continued service
relationship with the company. The grants will be subject to the terms
and conditions of the F5 Networks, Inc. Versafe Acquisition Equity
Incentive Plan.
About F5 Networks
F5 Networks (NASDAQ:FFIV)
makes the connected world run better. F5 helps organizations meet the
demands and embrace the opportunities that come with the relentless
growth of voice, data, and video traffic, mobile workers, and
applications—in the data center, the network, and the cloud. The world’s
largest businesses, service providers, government entities, and consumer
brands rely on F5’s intelligent services framework to deliver
and protect their applications and services while ensuring people stay
connected. Learn more at www.f5.com.
Copyright Business Wire 2013