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BSQUARE Corporation Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)(January 24, 2012)
BELLEVUE, WA -- (Marketwire) -- 01/24/12 -- BSQUARE Corporation (NASDAQ: BSQR), a leading enabler of smart, connected devices, today announced that on January 18, 2012 the Compensation Committee of its Board of Directors approved the grant of stock options to purchase an aggregate of 161,450 shares of Bsquare common stock to 55 new employees, the majority of whom joined Bsquare as a result of the MPC Data acquisition.
Each stock option has an exercise price per share equal to $3.45, the fair market value of Bsquare common stock on the grant date, and vests over four years, with 25% of the shares vesting on each annual anniversary of the grant date, subject to each new employee's continued service relationship with Bsquare. Each stock option has a ten-year term and is subject to the terms and conditions of the BSQUARE Corporation 2011 Inducement Award Plan. Options granted to employees in the United Kingdom are also subject to the terms and conditions of the 2011 Inducement Award Plan U.K. Approved Subplan.
The stock options were granted as inducements material to the new employees entering into employment with Bsquare in accordance with NASDAQ Listing Rule 5635(c)(4).
About Bsquare Corporation
Bsquare, a global leader in embedded solutions, applies experience and expertise on leading platforms to create new connections with customers, new business models and to enable new ways of working and communicating. Bsquare serves customers by forging connections among the partners, people, tools, and technology needed to create smart connected devices. For more information, visit www.bsquare.com.
BSQUARE is a registered trademark of Bsquare Corporation. All other product and company names herein may be trademarks of their respective owners.
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