This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

SAN FRANCISCO, March 1, 2012 /PRNewswire/ -- Salesforce.com (NYSE: CRM), the enterprise cloud computing ( http://www.salesforce.com/cloudcomputing/) company, today reported that it granted equity awards under its 2006 Inducement Equity Incentive Plan (the "Plan") to new employees who joined salesforce.com in connection with its previously announced acquisition of 2Catalyze, doing business as Rypple. The Plan was originally adopted by the Board of Directors in May 2006 in accordance with New York Stock Exchange Rule 303A.08.

(Logo:  http://photos.prnewswire.com/prnh/20050216/SFW105LOGO)

Rypple is a social performance app built for the way we work today—in real time. With Rypple, teams can share key priorities and get the continuous feedback, coaching, and recognition they need to consistently achieve their goals, making performance management painless and effective. The acquisition solidifies salesforce.com's entry into the human capital management (HCM) market for the social enterprise and extends the value of salesforce.com's existing core products in the social world.

Under the Plan, salesforce.com has granted a total of 36,324 restricted stock units ("RSUs") to 29 employees as of February 28, 2012. The terms of these RSUs are as follows: five-year term and vesting 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.

Salesforce.com also granted a total of 27,404 RSUs to 14 employees under the Plan on February 28, 2012. The terms of these RSUs are as follows: 33 percent of the total amount granted vesting on the one year anniversary date of the grant date, an additional 33 percent of the total amount granted vesting on the second year anniversary date of the grant date and the final 34 percent of the total amount granted vesting on the third year anniversary date of the grant date.

Each of the new employees who received an equity award is a non-executive employee and was previously with Rypple and joined the Company as a result of the acquisition.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs