LOS ANGELES--(BUSINESS WIRE)--
Rubicon
Project (NYSE: RUBI), a leader in advertising automation with one of
the industry’s largest independent real-time trading platforms for the
buying and selling of advertising, today announced that in connection
with the completion of its acquisition of iSocket, Inc., it granted
132,000 stock options and 126,050 restricted stock units to 29 former
iSocket employees who have become employees of Rubicon Project. The
stock options will vest and become exercisable with respect to 25% of
the underlying shares on November 17, 2015, and with respect to the
remaining 75% of the underlying shares in 36 equal consecutive monthly
installments thereafter. On May 15, 2016, approximately 35.4% of the
restricted stock units will vest, and an additional 12.5% will vest each
subsequent May 15 and November 15. The stock options and RSUs were
issued as employment inducement awards in accordance with Section
303A.08 of the NYSE Listed Company Manual, which requires disclosure of
the awards via this press release.
About Rubicon Project
Rubicon Project (NYSE: RUBI) has engineered the Advertising Automation
Cloud, one of the largest real-time cloud and Big Data computing
systems. The Company's mission is to automate the buying and selling of
advertising by offering innovative products to connect buyers and
sellers globally. www.RubiconProject.com
@RubiconProject
#Automation #Excellence #CultureMatters
Source: Rubicon Project
