Salesforce.com Grants Equity Awards Under Its Inducement Equity Incentive Plan
San Francisco—Aug. 26, 2014—Salesforce.com (NYSE: CRM), the world’s #1 CRM platform, today reported that it granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined salesforce.com in connection with its acquisition of RelateIQ, Inc. The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
RelateIQ provides a relationship intelligence platform that uses data science and machine learning to automatically capture data from email, calendars and smartphone calls and provide data-science-driven insights in real time. Salesforce.com completed its acquisition of RelateIQ in August 2014.
Under the Plan, salesforce.com granted a total of 479,374 restricted stock units ("RSUs") to 66 employees. These RSUs vest 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. Each of the employees who received an equity award is a non-executive employee and joined salesforce.com as a result of the acquisition.
Salesforce, the Customer Success Platform and world's #1 CRM, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol “CRM.” For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.