Glu Mobile Announces New Employment Inducement Awards Related to Crowdstar Acquisition
Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and publisher of free-to-play games for smartphone and tablet devices,
announced that on November 14, 2016, its Compensation Committee had awarded to 79 newly acquired employees following Glu’s
acquisition of a controlling interest in Crowdstar Inc. (i) restricted stock units covering 1,100,000 shares of Glu’s common stock
and (2) stock option awards to purchase 5,007,000 shares of Glu’s common stock, each pursuant to Glu’s 2008 Equity Inducement
Plan.
The restricted stock unit awards vest on a four-year schedule - 25% of the underlying shares will vest on November 15, 2017,
with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years on the same day
of each third month (e.g., the next quarterly vesting date will be February 15, 2018, then May 15, 2018, etc.). The stock options
will have ten-year terms, vest on a four-year schedule (25% of the underlying shares will vest on November 14, 2017, the first
anniversary of the grant date, and 2.083% of the underlying shares will vest monthly thereafter), and have a per share exercise
price equal to $2.10, which was the closing price of Glu’s common stock on the NASDAQ Global Market on the November 14, 2016 grant
date. In addition, in order to issue such grants, Glu’s Compensation Committee on November 14, 2016 amended the 2008 Equity
Inducement Plan in order to increase the number of shares reserved for issuance under the plan by 6,000,000 shares.
Glu’s Compensation Committee adopted the 2008 Equity Inducement Plan, which is a non-stockholder approved plan, to facilitate
the granting of equity awards as an inducement material to new employees joining Glu. NASDAQ Marketplace Rule 5635(c)(4) requires a
public announcement of equity awards made under this type of plan.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and publisher of free-to-play games for smartphone and tablet devices.
Glu is focused on creating compelling original IP games such as CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO
HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO, RACING RIVALS, TAP SPORTS BASEBALL, and TAP SPORTS
FOOTBALL, and branded IP games including BRITNEY SPEARS: AMERICAN DREAM, GORDON RAMSAY DASH, KENDALL & KYLIE, KIM
KARDASHIAN: HOLLYWOOD, ROBOCOP: THE OFFICIAL GAME, and SNIPER X WITH JASON STATHAM on the App Store, Google Play, Amazon
Appstore, Facebook, Mac App Store, and Windows Phone. Glu’s unique technology platform enables its titles to be accessible to a
broad audience of consumers globally. Founded in 2001, Glu is headquartered in San Francisco with U.S. offices outside Seattle and
in San Mateo, Portland and Long Beach, and international locations in Canada, China, India, and Russia. Consumers can find
high-quality entertainment wherever they see the ‘g’ character logo or at www.glu.com.
For live updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at www.facebook.com/glumobile.
CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO,
RACING RIVALS, TAP SPORTS BASEBALL, TAP SPORTS FOOTBALL, SNIPER X, GLU, GLU MOBILE, and the 'g' character logo are trademarks
of Glu Mobile Inc.
Investor Relations
ICR Inc.
Seth Potter, (646) 277-1230
IR@glu.com
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