Director Dealing

RNS Number : 1242P

WANdisco Plc

27 September 2013

 



27 September 2013

WANdisco plc Director Dealing

Sheffield, UK - WANdisco (LSE: WAND), a provider of high-availability software for global enterprises to meet the challenges of Big Data and distributed software development, is pleased to announce the following share  awards to Paul Harrison CFO of WANdisco plc as part of the Company's long term incentive plan.

WANdisco has today issued Mr Harrison with an option over ordinary shares of  ten pence each; the option is over 200,000 ordinary shares plus an additional number of shares to be determined with a value equivalent to 200% of Mr Harrison's base salary on the first anniversary of the commencement of his employment and is exercisable at a price of ten pence per share. 50% of the option shares will become exercisable from the first anniversary of his commencement of employment and 50% of will become exercisable from the second anniversary of his commencement of employment.  50% of the net shares will remain subject to restrictions relating to employment post-exercise until 1 September 2015 and 50% until 1 September 2016.

In addition, Mr Harrison has also been issued with an option over 96,870 ordinary shares of ten pence each, exercisable at a price of ten pence per share, calculated with reference to a value based on the average mid-market price on the ten trading days up to but excluding May 8 2013, the time at which he accepted an offer of employment and after grossing up for the exercise price;  40% of which will become exercisable from 1st January 2014 but remain subject to restrictions relating to employment post-exercise until vesting on the first anniversary of his commencement of employment, and 60% of which become exercisable from 1st January 2015 but subject to the same restrictions post-exercise until vesting on the second anniversary of his commencement of employment. 

For further information please contact:

WANdisco plc:
David Richards, Chairman and Chief Executive Officer	via FTI Consulting
FTI Consulting:	[phone]
Matt Dixon / Sophie McMillan / Jon Snowball
Panmure Gordon & Co.	[phone]
Fred Walsh / Grishma Patel (Investment Banking)
Adam Pollock /Charles Leigh-Pemberton (Corporate Broking)

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About WANdisco plc

WANdisco (LSE: WAND) is a provider of enterprise-ready, high-availability software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active/active data replication technology, serving crucial high availability (HA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM). Fortune Global 1000 companies including AT&T, Motorola, Intel and Halliburton rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

Product and company names herein may be trademarks of their registered owners.

 

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