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

Stocks in this article: CRM









SAN FRANCISCO, Sept. 3, 2013 /PRNewswire/ -- Salesforce.com (NYSE: CRM), the world's #1 CRM platform ( http://www.salesforce.com/), 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 acquisitions of Clipboard, EdgeSpring and ExactTarget. 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/20130612/SF30598LOGO)

Clipboard is a web content clipping and sharing service. Salesforce.com completed its acquisition of Clipboard in May 2013.  Under the Plan, salesforce.com granted a total of 20,102 restricted stock units ("RSUs") to two employees who were previously with Clipboard and joined salesforce.com as a result of the acquisition. The terms of these RSUs are as follows: 33 percent of the total amount granted vesting on May 14, 2014, an additional 33 percent of the total amount granted vesting on May 14, 2015, and the final 34 percent of the total amount granted vesting on May 14, 2016, subject to continued service through each applicable vesting date. Salesforce.com also granted a total of 920 RSUs to one employee.  The terms of these RSUs are as follows: five-year term and vesting over four years with 25 percent of the RSUs vesting on May 14, 2013, and the balance vesting quarterly thereafter in 12 equal installments, subject to continued service through each applicable vesting date.

EdgeSpring is a business intelligence platform that delivers the shortest path from data to decisions by empowering business end users to ask any question of their data and receive answers, anytime, anywhere. Salesforce.com completed its acquisition of EdgeSpring in June 2013. Under the Plan, salesforce.com granted a total of 129,656 RSUs to 18 employees who were previously EdgeSpring employees and joined salesforce.com as a result of the acquisition. 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 25 percent of the total amount granted vesting annually thereafter, subject to continued service through each applicable vesting date.

ExactTarget is a leading cloud marketing platform that enables marketers to integrate customer data from any source to power digital marketing campaigns across multiple channels, all while leveraging sophisticated marketing automation capabilities. More than 6,000 companies around the world, including Coca-Cola, Gap and Nike rely on ExactTarget's solutions to drive customer engagement, increase sales and improve return on marketing investments. Salesforce.com completed the acquisition of ExactTarget in July 2013.  

Under the Plan, salesforce.com granted a total of 719,232 RSUs to 31 employees who were previously ExactTarget employees and joined salesforce.com as a result of the acquisition. 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.

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