Pulse Biosciences Grants Equity Incentive Awards to New Employees
Pulse Biosciences, Inc. (NASDAQ: PLSE) (the “Company” or “Pulse Biosciences”), a medical technology company developing a
proprietary therapeutic tissue treatment based on its Nano-Pulse Stimulation (NPS) platform, announced today that the Compensation
Committee of the Company’s Board of Directors (the “Board”) granted non-qualified stock options covering an aggregate of 102,000
shares of Pulse Biosciences common stock to three new employees under the Pulse Biosciences 2017 Inducement Equity Incentive Plan
on May 15, 2018.
The 2017 Inducement Equity Incentive Plan is used exclusively to grant equity awards to individuals who were not previously an
employee or non-employee director of Pulse Biosciences as an inducement material to such individual's entering into employment with
Pulse Biosciences in accordance with Nasdaq Marketplace Rule 5635(c)(4).
The options have an exercise price of $15.45 per share, which is equal to the closing price of Pulse Biosciences common stock on
May 15, 2018. 59,500 shares underlying the option grants will vest and become exercisable as to 25% of the shares on the first
anniversary of the recipient’s start date, and will vest and become exercisable as to the remaining 75% of the shares in 36 equal
monthly installments following the first anniversary of the recipient’s start date, subject to the recipient’s continued employment
with Pulse Biosciences on these vesting dates. The remaining 42,500 shares underlying the option grants will vest and become
exercisable upon the achievement of certain performance objectives, with vesting targets of no less than 25% per year upon
achievement of the performance objectives established each year in good faith by the Compensation Committee of the Board. The
options are subject to the terms and conditions of the 2017 Inducement Equity Incentive Plan and the award agreements entered into
with each recipient.
About Pulse Biosciences
Pulse Biosciences is a clinical stage electroceutical, an electrical energy based therapeutic, company pursuing commercial
applications of its proprietary Nano-Pulse Stimulation (NPS) technology. NPS is a non-thermal, precise, focal, drug-free tissue
treatment technology utilizing nanosecond (billionth of a second) range pulsed electric fields that directly affect the cell
membrane and intracellular structures and initiates programmed cell death in treated cells. The unique ability of NPS to initiate
cell death has the potential to significantly benefit patients in a wide variety of medical applications including applications in
immuno-oncology and dermatology, and other potential applications we may pursue in the future. The initiation of programmed cell
death by NPS results in a minimal inflammatory response, which improves healing outcomes and supports the replacement of treated
tissue cells with healthy tissue cells. In cancerous lesions, NPS has been shown in preclinical models to induce immunogenic cell
death (ICD), which exposes the unique antigens of the treated cells to the immune system and enrolls immune system cells, such as
cytotoxic T-cells to mount an adaptive immune response. Pulse Biosciences is investigating a variety of applications for its
technology that exploits the technology’s unique biologic effect, including immuno-oncology and dermatology. More information is
available at www.pulsebiosciences.com .
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Investor Relations:
Pulse Biosciences, Inc.
Brian Dow
Sr. Vice President and Chief Financial Officer
IR@pulsebiosciences.com
or
Solebury Trout
Gitanjali Jain Ogawa, 646-378-2949
gogawa@troutgroup.com
or
Media:
Sam Brown, Inc.
Christy Curran, 615-414-8668
christycurran@sambrown.com
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