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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®, The Digital Performance Company™, enables organizations to maximize digital performance across every aspect of their business, allowing customers to rethink possible. Riverbed’s unified and integrated Digital Performance Platform™ brings together a powerful combination of Digital Experience, Cloud Networking and Cloud Edge solutions that provides a modern IT architecture for the digital enterprise, delivering new levels of operational agility and dramatically accelerating business performance and outcomes. At more than $1 billion in annual revenue, Riverbed’s 30,000+ customers include 98% of the Fortune 100 and 100% of the Forbes Global 100. Learn more at 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.