SEATTLE--(BUSINESS WIRE)--F5 Networks, Inc. (NASDAQ:FFIV) announced today that on August 1, 2014, the company issued a total of 23,000 restricted stock units (“RSUs”) to 11 employees who joined F5 in connection with the company’s acquisition of Defense.Net, Inc., a provider of cloud-based security services for protecting data centers and Internet applications from distributed denial-of-service (DDoS) attacks. This acquisition was completed on May 22, 2014. The RSUs were granted as inducements to employment in accordance with NASDAQ Listing Rule 5635(c)(4). The RSUs vest 25 percent on August 1, 2015 and the remaining 75 percent will vest in equal quarterly installments over the following three-year period 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. Defense.Net Acquisition Equity Incentive Plan.
About F5 Networks
F5 (NASDAQ: FFIV) provides solutions for an application world. F5 helps organizations seamlessly scale cloud, data center, and software defined networking (SDN) deployments to successfully deliver applications to anyone, anywhere, at any time. F5 solutions broaden the reach of IT through an open, extensible framework and a rich partner ecosystem of leading technology and data center orchestration vendors. This approach lets customers pursue the infrastructure model that best fits their needs over time. The world’s largest businesses, service providers, government entities, and consumer brands rely on F5 to stay ahead of cloud, security, and mobility trends. For more information, go to f5.com.