|By Business Wire||
|February 25, 2014 06:13 PM EST||
PROS Holdings, Inc. (NYSE: PRO), or the Company, a big data software company, today announced that it granted one-time employment restricted stock unit awards (RSUs) and market stock unit awards (MSUs) to D. Blair Crump, its new Chief Operating Officer, and one-time employment RSUs to 17 new employees in connection with its acquisition of Signal Demand, Inc. and 19 new employees in connection with its acquisition of Cameleon Software, SA.
These inducement awards cover an aggregate of 308,250 shares of the Company’s common stock and were granted by the Compensation Committee of the Company’s Board of Directors on February 24, 2014, as a material inducement to employees entering into employment with the Company in accordance with NYSE Rule 303A.08.
Mr. Crump received a total of 75,000 RSUs and 75,000 MSUs. These RSUs vest annually in one fourth installments beginning on January 1, 2015, subject to Mr. Crump’s continued employment. The actual number of shares of the Company’s common stock issuable under the MSUs is variable based on over- or under-performance of the Company’s stock price compared to the Russell 2000 Index (Index) during the three year performance period beginning in January 1, 2014. Certain employees hired in connection with the Signal Demand acquisition were awarded an aggregate of 60,000 RSUs, which vest in one fourth installments beginning on December 16, 2014. Certain employees hired in connection with the Cameleon Software acquisition were awarded an aggregate of up to 98,250 RSUs, of which 66,250 vest in full on February 24, 2016 and the remainder vest based upon performance. The Cameleon Software employees listed below received the following RSUs as part of their individually negotiated employment arrangements with the Company:
|RSUs Vesting on||RSUs Vesting Based on|
|Recipient||February 24, 2016||Performance|
|Jacques Soumeillan||9,000||Up to 16,000|
|Thibault de Bouville||5,000||Up to 8,000|
|Sylvie Rouge||4,000||Up to 8,000|
Each of the awards described above are subject to vesting pursuant to the terms of the individual award agreements, which terms include that the recipient be employed through each vesting date.
PROS Holdings, Inc. (NYSE: PRO) is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. PROS applies 28 years of data science experience to unlock buying patterns and preferences within transaction data to reveal which opportunities are most likely to close, which offers are most likely to sell and which prices are most likely to win. PROS offers big data solutions to optimise sales, pricing, quoting, rebates and revenue management across more than 30 industries. PROS has completed over 600 implementations of its solutions in more than 50 countries. The PROS team comprises more than 700 people around the world. To learn more, visit http://www.PROS.com.
Jul. 31, 2016 03:15 AM EDT Reads: 1,695
Jul. 31, 2016 02:30 AM EDT Reads: 1,214
Jul. 31, 2016 01:30 AM EDT Reads: 1,020
Jul. 31, 2016 12:45 AM EDT Reads: 2,043
Jul. 30, 2016 11:30 PM EDT Reads: 1,347
Jul. 30, 2016 10:30 PM EDT Reads: 1,947
Jul. 30, 2016 09:45 PM EDT Reads: 1,504
Jul. 30, 2016 09:45 PM EDT Reads: 1,325
Jul. 30, 2016 09:30 PM EDT Reads: 1,539
Jul. 30, 2016 07:30 PM EDT Reads: 1,769
Jul. 30, 2016 07:30 PM EDT Reads: 1,325
Jul. 30, 2016 07:00 PM EDT Reads: 2,781
Jul. 30, 2016 05:00 PM EDT Reads: 1,313
Jul. 30, 2016 04:30 PM EDT Reads: 595
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 30, 2016 04:30 PM EDT Reads: 1,129