MALVERN, Pa., Sept. 07, 2017 (GLOBE NEWSWIRE) -- Aclaris Therapeutics, Inc. (NASDAQ:ACRS), a dermatologist-led,
biopharmaceutical company focused on identifying, developing and commercializing innovative and differentiated therapies to address
significant unmet needs in medical and aesthetic dermatology, today announced that, on September 1, 2017, the Compensation
Committee of Aclaris’ Board of Directors granted 34 non-qualified stock option awards to purchase an aggregate of 325,400 shares of
its common stock to 34 new employees and 30 restricted stock unit awards covering an aggregate of 52,148 shares of its common stock
to 30 of the 34 new employees under the Aclaris 2017 Inducement Plan. The stock options and restricted stock units were
granted as inducements material to the new employees becoming employees of Aclaris in accordance with NASDAQ Listing Rule
5635(c)(4)
The 2017 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee
or non-employee director of Aclaris (or following a bona fide period of non-employment), as an inducement material to such
individual's entering into employment with Aclaris, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.
The options have an exercise price of $25.80 per share, which is equal to the closing price of Aclaris' common stock on
September 1, 2017. Each option and restricted stock unit award will vest, and become exercisable (as applicable), as to twenty-five
percent of the shares on each of the first, second, third and fourth anniversaries of the recipient's start date, subject to each
such employee's continued employment with Aclaris on such vesting dates. The options and restricted stock unit awards are subject
to the terms and conditions of Aclaris' 2017 Inducement Plan, and the terms and conditions of a stock option agreement or
restricted stock unit agreement, as applicable, covering the grant.
About Aclaris Therapeutics, Inc.
Aclaris Therapeutics, Inc. is a dermatologist-led biopharmaceutical company focused on identifying, developing and commercializing
innovative and differentiated therapies to address significant unmet needs in medical and aesthetic dermatology. Aclaris is
focused on large, underserved market segments with no FDA-approved medications or where treatment gaps exist. Aclaris is
based in Malvern, Pennsylvania and more information can be found by visiting the Aclaris website at www.aclaristx.com.
Aclaris Contact Michael Tung, M.D. Investor Relations 484-329-2140 mtung@aclaristx.com Media Contact Mariann Caprino TogoRun 917-242-1087 M.Caprino@togorun.com
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