Excellent observation on $GLUU smokey. The rest

Quote:

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The restricted stock unit award vests on a four-year schedule - 25% of the underlying shares will vest on November 15, 2016, with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years on the same day of each third month (e.g., the next quarterly vesting date will be February 15, 2017, then May 15, 2017, etc.). The stock option will have a ten-year term, vest on a four-year schedule (25% of the underlying shares will vest on November 9, 2016, the first anniversary of Mr. Earl’s start date at Glu, and 2.083% of the underlying shares will vest monthly thereafter), and has a per share exercise price equal to $2.92, which was the closing price of Glu’s common stock on the NASDAQ Global Market on the December 9, 2015 grant date. In addition, in order to issue such grants, Glu’s Compensation Committee on December 9, 2015 amended the 2008 Equity Inducement Plan in order to increase the number of shares reserved for issuance under the plan by 1,000,000 shares.

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