[July 31, 2015] |
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Millennial Media, Inc. Reports Employment Inducement Equity Grants
Millennial Media (News - Alert), Inc. (NYSE: MM) today announced that it has made
employment inducement equity awards to 15 employees. The inducement
awards cover an aggregate of 40,500 options to purchase shares of
Millennial Media common stock and are being made as a material
inducement to accept employment with Millennial Media.
The new stock options will vest over a period of four years, with 25% of
the option vesting after one year and the remainder vesting in equal
monthly installments for 36 months thereafter, subject to the grantee's
continued employment with Millennial Media on the applicable vesting
date. The awards are subject to the terms of the Millennial Media
Inc. 2014 Equity Inducement Plan and the individual award agreements.
Millennial Media's board of directors unanimously approvd the
Millennial Media Inc. 2014 Equity Inducement Plan and the Compensation
Committee of the Millennial Media's Board of Directors subsequently
approved the awards granted thereunder. The awards are intended to
qualify as "employment inducement awards" within the meaning of Section
303A.08 of the New York Stock Exchange Listed Company Manual.
About Millennial Media
Millennial Media is the leading independent mobile marketplace, making
mobile advertising simple for the world's top brands, app developers,
and mobile web publishers. Millennial Media's unique data and technology
assets enable its advertising clients to connect with their target
audiences at scale. Millennial Media also drives monetization for its
publisher and developer partners by connecting them to networks,
advertisers, and a real-time-bidding, or RTB, exchange. For more
information, visit www.millennialmedia.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150731005049/en/
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