Silicon Image(TM) Reports Inducement Stock Option Grant for New Chief Executive OfficerSUNNYVALE, Calif., Jan 08, 2010 (BUSINESS WIRE) --
Silicon Image, Inc. (NASDAQ:SIMG), a leader in semiconductors and
intellectual property for the secure distribution, presentation and
storage of high-definition (HD) content, today announced that the
Compensation Committee of the Board of Directors of the Company made an
inducement grant, effective on January 15, 2010, of a nonqualified stock
option exercisable for 1,000,000 shares of the Company's common stock to
newly appointed CEO, Camillo Martino.
The stock option will have an exercise price equal to the closing price
of the Company's common stock on January 15, 2010, and will vest over a
four year period, with 10 percent of the total number of shares vesting
on January 1, 2011, an additional 20 percent of the total number of
shares on January 1, 2012, an additional 30 percent of the total number
of shares on January 1, 2013, and an additional 40 percent of the total
number of shares on January 1, 2014. The stock option is an inducement
option granted outside of Silicon Image's 2008 Equity Incentive Plan and
without shareholder approval pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A).
About Silicon Image, Inc.
Silicon Image, Inc. is a leading provider of semiconductor and
intellectual property products for the secure distribution, presentation
and storage of high-definition content. With a rich history of
technology innovation that includes creating industry standards such as
DVI and HDMI, the company's solutions facilitate the use of digital
content amongst consumer electronics, personal computer (PC) and storage
devices, with the goal to securely deliver digital content anytime,
anywhere and on any device. Founded in 1995, the company is
headquartered in Sunnyvale, California, with regional engineering and
sales offices in China, Germany, Japan, Korea and Taiwan. For more
information, please visit www.siliconimage.com.
Simplay Labs and HDMI Licensing, LLC are wholly owned subsidiaries of
Silicon Image, Inc. Silicon Image, the Silicon Image logo, and
MHL are trademarks, registered trademarks or service marks of Silicon
Image, Inc. in the United States and/or other countries. HDMI,
the HDMI logo, and High-Definition Multimedia Interface are trademarks
or registered trademarks of HDMI Licensing, LLC in the United States
and/or other countries. All other trademarks and registered
trademarks are the property of their respective owners in the United
States and/or other countries.
SOURCE: Silicon Image, Inc.
Media Contacts:
Silicon Image, Inc.
Kasey Holman, 408-616-4192
kasey.holman@siliconimage.com
or
Ogilvy Public Relations for Silicon Image, Inc.
Adrian Eyre, 415-677-2708
adrian.eyre@ogilvypr.com
or
Investor Contact:
Investor Relations -- The Blueshirt Group
Mike Bishop, 415-217-4968
mike@blueshirtgroup.com
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