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).
About NetLogic Microsystems
NetLogic Microsystems, Inc. (NASDAQ: NETL), a fabless semiconductor company headquartered in Mountain View, California, designs, develops and markets high-performance knowledge-based processors and high-speed integrated circuits that accelerate the delivery of voice, video, data and multimedia content for advanced enterprise, datacenter, communications and mobile wireless networks. NetLogic Microsystems’ products include high-performance knowledge-based processors, application-aware content processors, 10-Gigabit Ethernet interconnects and network search engines that are being deployed by Tier 1 original equipment manufacturers (OEMs) in leading systems such as routers, switches, wireless infrastructure equipment, network security appliances, datacenter servers, network access equipment and network storage devices. NetLogic Microsystems’ knowledge-based processors and content processors employ an advanced processor architecture and a large knowledge or signature database containing information on the network, as well as applications and content that run on the network, to make complex decisions about individual packets of information traveling through the network. NetLogic Microsystems’ products significantly enhance the performance and functionality of next-generation networks that are designed to deliver high-definition video delivery over the Internet (IPTV), media-rich content over advanced mobile wireless services, voice transmission over the Internet (VoIP) and network security applications. For more information about products offered by NetLogic Microsystems, call +1-650-961-6676 or visit the NetLogic Microsystems Web site at http://www.netlogicmicro.com.
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