SEATTLE--(BUSINESS WIRE)--
F5
Networks, Inc. (NASDAQ:FFIV) today announced that on May 1, 2013,
the company issued a total of 98,006 restricted stock units (“RSUs”) to
20 employees who joined F5 in connection with the company’s acquisition
of LineRate Systems, a developer of software defined networking (SDN)
services. This acquisition was completed on February 11, 2013. The RSUs
were granted as inducements to employment in accordance with NASDAQ
Listing Rule 5635(c)(4). The RSUs vest over four years, with 25 percent
of the RSUs vesting on the one-year anniversary of the grant date and
the remainder vesting in equal quarterly installments thereafter,
subject to the employee’s continued service relationship with the
company. The grants will be subject to the terms and conditions of the
F5 Networks, Inc. LineRate Acquisition Equity Incentive Plan.
About F5 Networks
F5 Networks (NASDAQ:FFIV)
makes the connected world run better. F5 helps organizations meet the
demands and embrace the opportunities that come with the relentless
growth of voice, data, and video traffic, mobile workers, and
applications—in the data center, the network, and the cloud. The world’s
largest businesses, service providers, government entities, and consumer
brands rely on F5’s intelligent services framework to deliver
and protect their applications and services while ensuring people stay
connected. Learn more at www.f5.com.
F5 Networks, Inc.
Investor Relations
John Eldridge,
206-272-6571
j.eldridge@f5.com
or
Public
Relations
Alane Moran, 206-272-6850
a.moran@f5.com
Source: F5 Networks, Inc.