TriQuint (TQNT) Approves Stock Option Award for VP Klein
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TriQuint Semiconductor, Inc. (Nasdaq: TQNT), announced that its Board of Directors Compensation Committee approved a stock option award to newly-hired Vice President and General Manager of Defense and Aerospace business, James L. Klein.
The aggregate grant of 155,000 shares of TriQuint common stock was made to Mr. Klein under the company's 2008 Inducement Award Program. The stock option grant has an effective date of August 5, 2011. The options will vest 25 percent on August 5, 2012, with the remaining 75 percent vesting quarterly over the next three years. The stock options have an exercise price of $6.99, which was the closing price of TriQuint's common stock on August 5, 2011. The option grant expires on August 5, 2021.
The aggregate grant of 155,000 shares of TriQuint common stock was made to Mr. Klein under the company's 2008 Inducement Award Program. The stock option grant has an effective date of August 5, 2011. The options will vest 25 percent on August 5, 2012, with the remaining 75 percent vesting quarterly over the next three years. The stock options have an exercise price of $6.99, which was the closing price of TriQuint's common stock on August 5, 2011. The option grant expires on August 5, 2021.
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