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Lattice Semiconductor Corporation: Lattice Semiconductor Announces Employment Inducement Stock Option Grant

^{Published on 2009-02-20 13:55:38, Last Modified on 2009-02-20 13:56:09 - Market Wire}
 

HILLSBORO, OR--(Marketwire - February 20, 2009) - Lattice Semiconductor (NASDAQ: [ LSCC ]) today announced that it granted an employment inducement stock option to Michael G. Potter, its newly appointed Corporate Vice President and Chief Financial Officer, on February 17, 2009. Potter may purchase up to 500,000 shares of the Company's common stock at an exercise price of $1.40 per share pursuant to the inducement stock option. The stock option will vest twenty-five percent on the first anniversary of the grant date and six and one quarter percent each three months thereafter over the remaining three-year period. The option grant has an expiration date of February 17, 2016.

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