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Endologix Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Endologix, Inc (ELGX)  More Company Research Source: Business Wire
Last endologix, inc earnings: 5/2 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.endologix.com
PDF IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (Nasdaq: ELGX) (the “Company”), a developer and marketer of innovative treatments for aortic disorders, announced today the grant of inducement equity awards to a newly hired executive (the “Awardee”). The awards were approved by the Company’s Compensation Committee, which is comprised of independent Directors, on December 10, 2018, as an inducement material to the Awardee’s entry into employment with the Company, as permitted under NASDAQ Listing Rule 5635(c)(4). The inducement grants to the Awardee consisted of (i) options (the “Options”) to purchase up to an aggregate of 250,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), at an exercise price of $0.64 per share, and (ii) 150,000 restricted stock units (the “RSUs”). The date of grant for the awards was January 7, 2019. The exercise price of the Options is equal to the c [Read more]

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