San Francisco—September 23, 2016—Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the “Plan”) to new employees who joined Salesforce in connection with its acquisitions of Coolan, Inc. (“Coolan”), Demandware, Inc. (“Demandware”) and Quip, Inc. (“Quip”). The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
Coolan empowers companies to track and analyze infrastructure reliability to increase uptime, optimize efficiency and scale hardware operations. Demandware is the industry’s leading enterprise cloud commerce platform that enables leading brands to deliver personalized, 1-to-1 experiences for consumers and power their commerce. Quip changes the way people work by marrying communication and content to enable collaboration right within documents or spreadsheets, on any device. Salesforce closed its acquisition of Demandware in July, and its acquisitions of Coolan and Quip in August.
Under the Plan, Salesforce granted a total of 1,343,366 restricted stock units (“RSUs”) and 155,668 stock options to nine employees at Coolan, 13 employees at Demandware and 50 employees at Quip.
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. The stock options vest over four years with 25 percent of the options vesting on the first anniversary of the grant date and the balance vesting monthly thereafter in 36 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 as a result of the acquisitions.
Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers. 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 https://www.salesforce.com, or call 1-800-NO-SOFTWARE.