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F5 Networks Reports Inducement Grants Under NASDAQ Listing Rule 5635

SEATTLE—F5 Networks, Inc. (NASDAQ: FFIV) today announced that on May 1, 2013, the company issued a total of 98,006 restricted stock units (“RSUs”) to 20 employees who joined F5 in connection with the company’s acquisition of LineRate Systems, a developer of software defined networking (SDN) services. This acquisition was completed on February 11, 2013. The RSUs were granted as inducements to employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs vest over four years, with 25 percent of the RSUs vesting on the one-year anniversary of the grant date and the remainder vesting in equal quarterly installments thereafter, subject to the employee’s continued service relationship with the company. The grants will be subject to the terms and conditions of the F5 Networks, Inc. LineRate Acquisition Equity Incentive Plan.

 

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