BURLINGTON, Mass., Aug. 03, 2018 (GLOBE NEWSWIRE) -- Flexion Therapeutics, Inc. (Nasdaq:FLXN) today announced a
grant of inducement stock options to six new employees for an aggregate of 14,800 shares of common stock. The Compensation
Committee of the Board of Directors approved the grants with an effective date of August 1, 2018. The stock options have an
exercise price of $23.23 per share and were granted as inducements material to the employees entering into employment with the
Company in accordance with Nasdaq Listing Rule 5635(c)(4).
The stock options vest over four years, with 25% of the shares vesting on the one-year anniversary of the applicable vesting
commencement date and 1/48 of the shares vesting monthly thereafter, subject to the new employee's continued service relationship
with the Company. The stock options are subject to the terms and conditions of the Company's 2013 Equity Incentive Plan and a stock
option agreement pursuant to which the stock option was granted.
About Flexion Therapeutics
Flexion Therapeutics (Nasdaq:FLXN) is a biopharmaceutical company focused on the development and commercialization of novel, local
therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis, a type of degenerative
arthritis. The company's core values are focus, ingenuity, tenacity, transparency and fun. For the past two years, Flexion has been
named one of the Best Places to Work by the Boston Business Journal, and Flexion was also recognized as a Top Place
to Work in Massachusetts by The Boston Globe in 2017.
Corporate Contact:
Scott Young
Vice President, Corporate Communications & Investor Relations
Flexion Therapeutics, Inc.
T: 781-305-7194
syoung@flexiontherapeutics.com
