NextWave granting staffers options |
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Wed, 28 Feb 2007 22:16
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SAN DIEGO (AP) - NextWave Wireless Inc., a provider of high-speed wireless services, said Wednesday it will give stock-option grants to 29 new employees for a total of 288,334 shares.The stock options will vest over 48 months, with the first part of vesting occurring after a year.the options have an exercise price of $11.80 per share, equal to NextWave's common stock on Feb. 26.The grants meet an 'employee inducement' exception to the Nasdaq rule that shareholders must approve equity-based incentive plans.NextWave shares rose 12 cents to $11.63 during afternoon trading on the Nasdaq.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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NextWave changes ticker symbol to 'WAVE' 