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Riverbed Technology: Riverbed Reports New Option Grants Under NASDAQ Marketplace Rule 4350

^{Published on 2009-03-06 13:20:15, Last Modified on 2009-03-06 13:20:48 - Market Wire}
 

SAN FRANCISCO, CA--(Marketwire - March 6, 2009) - Riverbed Technology (NASDAQ: [ RVBD ]), the IT infrastructure performance company for networks, applications and storage, today announced that, in accordance with NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv), it has granted inducement stock options covering an aggregate of 390,075 shares of common stock to fifty-seven non-officer employees. All of the optionees are former employees of Mazu Networks, Inc., which was acquired by Riverbed® in February 2009. Each option has been classified as a non-qualified stock option, has an exercise price equal to the fair market value on the grant date, and has a seven-year term. Each option vests over four years, with 25% vesting on the one-year anniversary of the applicable vesting commencement date, and then equal monthly amounts vesting over the following three years.

About Riverbed

Riverbed Technology is the IT infrastructure performance company. The Riverbed family of wide area network (WAN) optimization solutions liberates businesses from common IT constraints by increasing application performance, enabling consolidation, and providing enterprise-wide network and application visibility -- all while eliminating the need to increase bandwidth, storage or servers. Thousands of companies with distributed operations use Riverbed to make their IT infrastructure faster, less expensive and more responsive. Additional information about Riverbed (NASDAQ: [ RVBD ]) is available at [ www.riverbed.com ].

Riverbed Technology, Riverbed, Steelhead, RiOS, Interceptor, Think Fast, the Riverbed logo, Mazu, Profiler and Cascade are trademarks or registered trademarks of Riverbed Technology, Inc. All other trademarks used or mentioned herein belong to their respective owners.