Salesforce.com Grants Equity Awards Under Its Inducement Equity Incentive Plan

By PR Newswire,  August 26, 2014, 05:00:00 PM EDT


SAN FRANCISCO, Aug. 26, 2014 /PRNewswire/ -- Salesforce.com (NYSE:CRM), the world's #1 CRM platform, today reported that it granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined salesforce.com in connection with its acquisition of RelateIQ, Inc. The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

RelateIQ provides a relationship intelligence platform that uses data science and machine learning to automatically capture data from email, calendars and smartphone calls and provide data-science-driven insights in real time. Salesforce.com completed its acquisition of RelateIQ in August 2014.

Under the Plan, salesforce.com granted a total of 479,374 restricted stock units ("RSUs") to 66 employees. These RSUs vest over four years with 25 percent of the RSUs vesting on the first anniversary of the grant date and the balance vesting quarterly thereafter in 12 equal installments, subject to continued service through each applicable vesting date. Each of the employees who received an equity award is a non-executive employee and joined salesforce.com as a result of the acquisition.

About salesforce.com

Salesforce.com is the world's largest provider of customer relationship management (CRM) software. For more information about salesforce.com (NYSE:CRM), visit: www.salesforce.com.

Salesforce .com has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://salesforce.com, or call 1-800-NO-SOFTWARE.

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SOURCE salesforce.com



This article appears in: News Headlines

Referenced Stocks: CRM


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