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SOURCE Leap Wireless International, Inc.
SAN DIEGO, May 17, 2013 /PRNewswire/ -- Leap Wireless International, Inc. (NASDAQ: LEAP) reported today that it has granted inducement awards to three new employees.
The awards were made on May 16, 2013 under Leap's 2009 Employment Inducement Equity Incentive Plan, which provides for the granting of equity awards to new employees of Cricket Communications, Inc. as an inducement to join the company. The inducement awards consist of options to purchase up to 113,500 shares of Leap common stock and deferred stock units for 83,900 shares of Leap common stock. Among the new employees receiving inducement awards was Julie Dexter Berg, the Company's newly-appointed chief marketing officer, who received options to purchase 100,000 shares of Leap common stock and deferred stock units for 75,000 shares of Leap common stock. The remaining awards were made to two new non-executive employees.
The options have a ten year term and an exercise price equal to the fair market value of Leap common stock on the date of grant. The awards vest in four years, with the options vesting in equal 25 percent annual increments and the deferred stock units vesting in 25 percent equal increments on the second and third anniversaries of the date of grant and 50 percent on the fourth anniversary of the date of grant.
About Leap Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket service. Cricket products and services are available nationwide through company-owned stores, dealers, national retailers and at MyCricket.com. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP." For more information, please visit www.leapwireless.com.
Monday, June 17 2013 11:41 AM EDT2013-06-17 15:41:16 GMT
An accident on Highway 271 in front of the University of Texas Health Science Center has blocked one lane of traffic. Two vehicles are involved in the wreck, one of which rolled over. A southbound laneMore >>
An accident on Highway 271 in front of the University of Texas Health Science Center has blocked one lane of traffic.More >>
Sunday, June 16 2013 10:39 PM EDT2013-06-17 02:39:53 GMT
Hundreds of animals were killed when a fast-moving fire ripped through an exotic pet business in Kilgore on Saturday. The fire started just after 1 p.m. at a property in the 300 block of Harris St. FlamesMore >>
The fire started just after 1 p.m. at a property in the 300 block of Harris St. Flames were seen shooting from a structure that held hundreds of exotic animals and pets.More >>
Sunday, June 16 2013 10:39 PM EDT2013-06-17 02:39:29 GMT
A morning collision killed a 22-year old East Texas man. DPS troopers tell us 22-year old Mario Aguilar of Henderson veered into oncoming traffic, when his vehicle collided with a pickup truck on highwayMore >>
A morning collision killed a 22-year old East Texas man.More >>
Sunday, June 16 2013 8:57 PM EDT2013-06-17 00:57:59 GMT
From the Smith County Sheriff Department: After a five-mile, high-speed chase that began in Whitehouse and included an attempt to strike a Smith County Sheriff's Office Patrol Sergeant with a vehicle,More >>
After a five-mile, high-speed chase that began in Whitehouse and included an attempt to strike a Smith County Sheriff's Office Patrol Sergeant with a vehicle, a man and a woman are both in custody.More >>