During Monday’s Morning trade, Shares of Glu Mobile Inc. (NASDAQ:GLUU), gained 1.08% to $2.82.
Glu Mobile Inc., declared that on December 9, 2015, its Compensation Committee awarded to Nick Earl, the Company’s new President of Global Studios, (1) restricted stock units covering 500,000 shares of Glu’s common stock and (2) a nonqualified stock option to purchase 300,000 shares of Glu’s common stock, each following Glu’s 2008 Equity Inducement Plan.
The restricted stock unit award vests on a four-year plan - 25% of the underlying shares will vest on November 15, 2016, with the remaining 75% of the underlying shares vesting in equal quarterly installments over the next three years on the same day of each third month (e.g., the next quarterly vesting date will be February 15, 2017, then May 15, 2017, etc.). The stock option will have a ten-year term, vest on a four-year plan (25% of the underlying shares will vest on November 9, 2016, the first anniversary of Mr. Earl’s start date at Glu, and 2.083% of the underlying shares will vest monthly thereafter), and has a per share exercise price equal to $2.92, which was the closing price of Glu’s common stock on the NASDAQ Global Market on the December 9, 2015 grant date. In addition, in order to issue such grants, Glu’s Compensation Committee on December 9, 2015 amended the 2008 Equity Inducement Plan in order to improvement the number of shares reserved for issuance under the plan by 1,000,000 shares.
Glu’s Compensation Committee adopted the 2008 Equity Inducement Plan, which is a non-stockholder approved plan, to facilitate the granting of equity awards as an inducement material to new employees joining Glu. NASDAQ Marketplace Rule 5635(c)(4) requires a public declarement of equity awards made under this type of plan.
Glu Mobile Inc. develops, publishes, and markets a portfolio of games for the smartphones and tablet devices users. The company offers free-to-play action, casual, racing, and sports genre mobile games. It creates games based on its own brands, counting Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, Heroes of Destiny, Racing Rivals, and Tap Sports: Baseball, in addition to based on third-party licensed brands, such as Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game. Glu Mobile Inc. markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts worldwide.
Shares of Lockheed Martin Corporation (NYSE:LMT), declined -0.37% to $216.33, during its current trading session.
Lockheed Martin (LMT) selected Sea Robotics Corporation as the Original Equipment Manufacturer (OEM) for its Marlin® Mk3 Autonomous Underwater Vehicle (AUV) designed for survey and inspection applications in depths up to 4,000 meters.
Designed for deepwater applications such as pipeline inspection, deepwater survey, and life of field support services for oil and gas, the Marlin® Mk3’s modular, plug and play mission package architecture and dual AUV/Remote Operated Vehicle propulsion modes is a revolution in AUV technology that can perform a wide range of deepwater geophysical survey and structural integrity administration inspection operations. The Marlin® can be outfitted with sophisticated sensor packages counting multi-beam, side scan, 3D, sub-bottom profiler, and synthetic aperture sonars, in addition to high resolution video, still photo, and laser profilers, enabling advanced autonomous data acquisition, processing, analysis and response.
“Lockheed Martin’s extensive AUV development expertise, coupled with Sea Robotics’ comprehensive commercial design, manufacturing, and offshore support capabilities, forms a team that is fully capable of delivering Marlin’s game-changing technology to commercial markets,” said Don Darling, president of Sea Robotics.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services.
Finally, Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), gained 1.51%, and is now trading at $59.36.
Norwegian Cruise Line Holdings, declared that it will become a component of the NASDAQ-100 Index® (NASDAQ:NDX) effective with the market open on December 21, 2015. The NASDAQ-100 Index is composed of the 100 largest non-financial stocks listed on the Nasdaq Stock Market based on market capitalization.
“We are honored to join this elite group of the world’s most successful and dynamic companies on the NASDAQ-100 Index,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings. “Inclusion in the NASDAQ-100 Index is a testament to the extraordinary progress Norwegian has made in the three years since its initial public offering.”
Launched in January 1985, the NASDAQ-100 Index reflects companies across major industry groups counting computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
Norwegian Cruise Line Holdings Ltd., a cruise line operator, through its auxiliaries, provides cruise experiences for travelers with various itineraries. It offers cruises ranging from 1 day to 180 days. The company’s distribution channel comprises independent travel agents, wholesalers, and tour operators.
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