NetLogic Microsystems Reports Inducement Grants Under NASDAQ Marketplace Rule 5635
NetLogic Microsystems, Inc. (NASDAQ:NETL), a worldwide leader in high-performance intelligent semiconductor solutions for next-generation Internet networks, today announced that on November 7, 2011 the compensation committee of the company’s board of directors approved grants to a total of 56 new employees of the company of restricted stock units representing the right to acquire up to 104,300 shares of common stock. The restricted stock units were granted as inducements material to employment under the company’s 2008 New Employee Inducement Incentive Plan in accordance with NASDAQ Marketplace Rule 5635(c)(4).
About NetLogic Microsystems
NetLogic Microsystems, Inc. (NASDAQ:NETL) is a worldwide leader in high-performance intelligent semiconductor solutions that are powering next-generation Internet networks. NetLogic Microsystems’ best-in-class products perform highly differentiated tasks of accelerating complex network traffic to significantly enhance the performance and functionality of advanced 3G/4G mobile wireless infrastructure, data center, enterprise, metro Ethernet, edge and core infrastructure networks. NetLogic Microsystems’ market-leading product portfolio includes high-performance multi-core processors, knowledge-based processors, content processors, network search engines, ultra low-power embedded processors and high-speed 10/40/100 Gigabit Ethernet PHY solutions. These products are designed into high-performance systems such as switches, routers, wireless base stations, security appliances, networked storage appliances, service gateways and connected media devices offered by leading original equipment manufacturers (OEMs). NetLogic Microsystems is headquartered in Santa Clara, California, and has offices and design centers throughout North America, Asia and Europe. For more information about products offered by NetLogic Microsystems, call 408.454.3000 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.
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