Affymetrix Reports New Employee Stock Grants
November 23 2015 - 5:00AM
Business Wire
Affymetrix (NASDAQ:AFFX) today announced that equity awards were
made to 5 new non-executive officer employees as inducement to join
Affymetrix. The equity awards were granted pursuant to NASDAQ
Marketplace Rule 5635(c)(4) under the Affymetrix, Inc. 2012
Inducement Plan, which the Board of Directors of Affymetrix adopted
for the granting of inducement equity awards to new employees.
5 employees were granted a combination of Restricted Stock Units
(RSUs) and Stock Options to purchase an aggregate of 11,734 shares
of the Company's common stock; 6,353 of the shares granted were
Stock Options and 5,381 of the shares granted were RSUs. Both the
RSUs and Stock Options vest in equal annual installments over four
years. The Stock Options have a maximum term of 7 years.
The exercise price for the Stock Options granted is $9.13, which
was the closing price of Affymetrix common stock on the NASDAQ
Global Market as such price was reported by NASDAQ on the grant
date, November 19, 2015.
About Affymetrix
Affymetrix technologies enable multiplex and simultaneous
analysis of biological systems at the cell, protein, and gene
level, facilitating the rapid translation of bench-top research
into clinical and routine use for human health and wellness. The
Company provides leadership and support, partnering with customers
in pharmaceutical, diagnostic, and biotechnology companies, as well
as leading academic, government, and non-profit research institutes
in their quest to use biology for a better world. More than 2,300
microarray systems have been shipped around the world and more than
94,000 peer-reviewed papers have been published citing Affymetrix
technologies. Affymetrix is headquartered in Santa Clara,
California, and has manufacturing facilities in Cleveland, Ohio,
San Diego, Vienna, and Singapore. The Company has about 1,100
employees worldwide and maintains sales and distribution operations
across Europe, Asia, and Latin America. For more information about
Affymetrix, please visit www.affymetrix.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151123005298/en/
AffymetrixMedia Contact:Mindy Lee-Olsen, 408-731-5523Vice
President, Marketing
Servicesmindy_lee-olsen@affymetrix.comorInvestor Contact:Doug
Farrell, 408-731-5285Vice President, Investor
Relationsdoug_farrell@affymetrix.com
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