November 11, 2008
NetLogic Microsystems Reports Inducement Grants Under NASDAQ Marketplace Rule 4350
NetLogic Microsystems, Inc. (NASDAQ: NETL), the leader in the design and development of knowledge-based processors and high-speed integrated circuits, today announced that on November 5, 2008 the compensation committee of the company's board of directors approved the grants of (i) options to purchase up to 7,000 shares of common stock with an exercise price equal to the fair market value on the grant date, to a total of 3 new employees of the company, and (ii) restricted stock units representing the right to acquire up to 7,500 shares of common stock to a total of 6 new employees of the company. The options and restricted stock units were granted as inducements material to employment under the company's 2008 New Employee Inducement Incentive Plan in accordance with NASDAQ Marketplace Rule 4350(i)(l)(A)(iv).
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