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SAN FRANCISCO--(BUSINESS WIRE)—November 21, 2012— Riverbed Technology (NASDAQ: RVBD), the performance company, today announced that, in accordance with NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv), it has granted inducement stock options covering an aggregate of 70,500 shares of common stock to 14 non-officer employees. Each option has been classified as a non-qualified stock option, has an exercise price equal to the fair market value on the grant date, and has a seven-year term. Each option vests over four years, with 25% vesting on the one-year anniversary of the applicable vesting commencement date, and then equal monthly amounts vesting over the following three years.
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Riverbed enables organizations to modernize their networks and applications with industry-leading SD-WAN, application acceleration, and visibility solutions. Riverbed’s platform allows enterprises to transform application and cloud performance into a competitive advantage by maximizing employee productivity and leveraging IT to create new forms of operational agility. At more than $1 billion in annual revenue, Riverbed’s 28,000+ customers include 97% of the Fortune 100 and 98% of the Forbes Global 100. Learn more at www.riverbed.com.
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.