PROS Holdings, Inc. (NYSE: PRO), or the Company, a big data software
company, today announced that it granted one-time employment restricted
stock unit awards (RSUs) and market stock unit awards (MSUs) to D. Blair
Crump, its new Chief Operating Officer, and one-time employment RSUs to
17 new employees in connection with its acquisition of Signal Demand,
Inc. and 19 new employees in connection with its acquisition of Cameleon
Software, SA.
These inducement awards cover an aggregate of 308,250 shares of the
Company’s common stock and were granted by the Compensation Committee of
the Company’s Board of Directors on February 24, 2014, as a material
inducement to employees entering into employment with the Company in
accordance with NYSE Rule 303A.08.
Mr. Crump received a total of 75,000 RSUs and 75,000 MSUs. These RSUs
vest annually in one fourth installments beginning on January 1, 2015,
subject to Mr. Crump’s continued employment. The actual number of shares
of the Company’s common stock issuable under the MSUs is variable based
on over- or under-performance of the Company’s stock price compared to
the Russell 2000 Index (Index) during the three year performance period
beginning in January 1, 2014. Certain employees hired in connection with
the Signal Demand acquisition were awarded an aggregate of 60,000 RSUs,
which vest in one fourth installments beginning on December 16, 2014.
Certain employees hired in connection with the Cameleon Software
acquisition were awarded an aggregate of up to 98,250 RSUs, of which
66,250 vest in full on February 24, 2016 and the remainder vest based
upon performance. The Cameleon Software employees listed below received
the following RSUs as part of their individually negotiated employment
arrangements with the Company:
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RSUs Vesting on
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RSUs Vesting Based on
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Recipient
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February 24, 2016
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Performance
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Jacques Soumeillan
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9,000
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Up to 16,000
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Thibault de Bouville
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5,000
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Up to 8,000
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Sylvie Rouge
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4,000
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Up to 8,000
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Françoise Aspare
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2,000
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0
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Each of the awards described above are subject to vesting pursuant to
the terms of the individual award agreements, which terms include that
the recipient be employed through each vesting date.
About PROS
PROS Holdings, Inc. (NYSE: PRO) is a big data software company that
helps customers outperform in their markets by using big data to sell
more effectively. PROS applies 28 years of data science experience to
unlock buying patterns and preferences within transaction data to reveal
which opportunities are most likely to close, which offers are most
likely to sell and which prices are most likely to win. PROS offers big
data solutions to optimise sales, pricing, quoting, rebates and revenue
management across more than 30 industries. PROS has completed over 600
implementations of its solutions in more than 50 countries. The PROS
team comprises more than 700 people around the world. To learn more,
visit http://www.PROS.com.
Copyright Business Wire 2014