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Bsquare Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
Nov 07, 2012 (Marketwire via COMTEX) --BSQUARE Corporation (NASDAQ: BSQR), a leading enabler of smart, connected devices, today announced that the Bsquare Board of Directors approved the grant of a non-qualified stock option to purchase an aggregate of 50,000 shares of Bsquare common stock to Michael Stipe in connection with his employment as the Company's Senior Vice President, Worldwide Sales and Marketing.
The stock option granted to Mr. Stipe vests quarterly over four years, subject to Mr. Stipe's continued service relationship with Bsquare. The stock option has a 10-year term and an exercise price of $2.95 and is subject to the terms and conditions of the Bsquare Corporation 2011 Inducement Award Plan.
This stock option was granted on November 5, 2012 as inducement material to Mr. Stipe's 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.
Bsquare Contact: Scott Mahan BSQUARE Corporation +1 425.519.5900 Email Contact Investors Contact: Brett Maas Hayden IR + 1 646.536.7331 Email Contact