The Industrial Internet of Things FEATURE NEWS

Bsquare Reports Inducement Grants Under NASDAQ Listing Rule

By Ken Briodagh January 08, 2018

In a recent release, Bsquare reported two grants under its 2011 Inducement Award Plan to Sean O'Neil, who has joined Bsquare as its Vice President of Engineering effective January 4, 2018.

The grants will be made pursuant to an Offer Letter accepted December 21, 2017, for an award of 5,000 restricted stock units and an award of non-qualified stock options to purchase up to 30,000 shares of Bsquare common stock. The option has a 10-year term and an exercise price which will be determined based on the closing price of Bsquare's common stock on January 4, 2018. That date constitutes the later of the grant date of December 22, 2017, and Mr. O'Neill's start date of January 4, 2018.

The restricted stock units and option each vest annually in equal installments over four years from the grant date, with the first vesting date in December 2018, subject to Mr. O'Neil's continued service relationship with Bsquare.

The grants were approved by the Bsquare Board of Directors on December 22, 2017, including a majority of its independent directors. In accordance with NASDAQ Listing Rule 5635(c)(4), the grants were made as an inducement material to Mr. O'Neil's agreement to enter into an employment relationship with Bsquare.

Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

Related Articles

At the Edge of an IIoT Evolution

By: Special Guest    3/15/2018

IIoT continues to grow and the buzz around edge computing is growing in parallel. Operators are beginning to drive more computing power to the edge of…

Read More

Bosch, RTI, Huawei and Dell EMC Confirmed as New IIC Leadership

By: Ken Briodagh    3/14/2018

International team comprised of leaders from industry, IT, OT and telecom

Read More

The Future is Now: Mobile Print Trends from HP and Mopria

By: Chrissie Cluney    3/14/2018

An IoT Evolution interview with Brent Richtsmeier, chairman, Mopria Alliance Steering Committee and executive at HP where he leads the technology focu…

Read More

IoT Time Podcast S.3 Ep. 8 IIC

By: Ken Briodagh    3/14/2018

In this episode of IoT Time Podcast, Ken Briodagh sits down with Steve Hanna, Senior Principal, Infineon Technologies, and co-author of a new Industri…

Read More

Excelling at Edge Security: Best Practices Whitepaper released by IIC

By: Cynthia S. Artin    3/14/2018

Of all the challenges associated with the never-ending variations and themes on the IoT and IIoT, there is arguably no more vexing a challenge than lo…

Read More