PROS Holdings, Inc. (NYSE: PRO) said that it granted one-time employment restricted stock unit awards and market stock unit awards 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.
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 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 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.
PROS Holdings is a big data software company that helps customers outperform in their markets by using big data to sell more effectively. To learn more, visit http://www.PROS.com.