Company Website:
http://www.millennialmedia.com
BALTIMORE -- (Business Wire)
Millennial Media, Inc. (NYSE: MM) today announced that it has made
employment inducement equity awards to 6 employees. The inducement
awards cover an aggregate of 85,000 shares of Millennial Media common
stock in the form of 45,000 options to purchase shares of Millennial
Media common stock and 40,000 restricted stock units of Millennial Media
common stock, and are being made as a material inducement to employees
entering into employment with Millennial Media in connection with the
acquisition transaction.
The new stock options will vest over a period of four years, with 25% of
the option vesting after one year and the remainder vesting in equal
monthly installments for 36 months thereafter, subject to the grantee’s
continued employment with Millennial Media on the applicable vesting
date. The new restricted stock units will vest over a period of four
years, with 25% of the restricted stock units vesting after one year,
and the remainder vesting in equal quarterly installments thereafter,
subject to the grantee’s continued employment with Millennial Media on
the applicable vesting date. The awards are subject to the terms of
the Millennial Media Inc. 2014 Equity Inducement Plan and the individual
award agreements.
Millennial Media’s board of directors unanimously approved the
Millennial Media Inc. 2014 Equity Inducement Plan and the Compensation
Committee of the Millennial Media’s Board of Directors subsequently
approved the awards granted thereunder. The awards are intended to
qualify as “employment inducement awards” within the meaning of Section
303A.08 of the New York Stock Exchange Listed Company Manual.
About Millennial Media
Millennial Media is the leading independent mobile ad marketplace,
making mobile advertising simple for the world’s top brands, app
developers, and mobile web publishers. Millennial Media's unique data
and technology assets enable its advertising clients to connect with
their target audiences at scale. Millennial Media also drives
monetization for its publisher and developer partners by connecting them
to networks, advertisers, and a real-time-bidding, or RTB, exchange. For
more information, visit www.millennialmedia.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005877/en/
Contacts:
Millennial Media, Inc.
Investor Relations Contact
Joe
Wilkinson, 443-681-6238
IR@millennialmedia.com
or
Press
Contact
Christina Feeney, 617-301-4181
press@millennialmedia.com
Source: Millennial Media, Inc.
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