Leap Wireless International Inc. granted stock options to several of its executives, according to documents filed with the Securities and Exchange Commission.
The company granted 116,000 non-qualified stock options and 12,500 restricted stock awards to President and CEO Douglas Hutcheson; 30,000 non-qualified stock options and 6,000 restricted stock awards to Executive VP and Chief Marketing Officer Albin Moschner; 30,000 non-qualified stock options and 6,000 restricted stock awards to executive VP and CTO Glenn Umetsu; and 14,000 non-qualified stock options and 3,000 restricted stock awards to senior VP Leonard Stephens.
The stock options have a ten-year term and an exercise price of $60.62 per share, according to the filing. The restricted stock awards give the recipient the right to purchase the specified number of shares of Leap common stock at a purchase price of $0.0001 per share.
Stocking stuffers: Leap executives receive stock options
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