UCN Discloses Executive Compensation Per NASDAQ Listing Requirements

Published on December 10, 2008 in Computer Software, Technology

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SALT LAKE CITY (December 10, 2008) – UCN, Inc. (NASDAQ: UCNN), the market leader in on-demand contact center software, has disclosed certain executive compensation per the listing requirements of the NASDAQ Stock Market.

On November 28, 2007, Rudy Vidal began his employment as chief customer officer of UCN. Under the terms of his employment, UCN granted to Vidal options to purchase 100,000 shares of common stock at an exercise price equal to the market value on the date of grant that vest in equal installments over three years beginning on the one year anniversary of the date of grant and expire five years following the date of grant.

On March 17, 2008, David Oldham began his employment as UCN’s vice president of marketing. Under the terms of his employment, UCN granted to Oldham options to purchase 60,000 shares of common stock at an exercise price equal to the market value on the date of grant that vest in equal installments over three years beginning on the one year anniversary of the date of grant and expire five years following the date of grant.

On May 5, 2008, Frank Maylett was elected by the Board of Directors to the position of executive vice president of sales and began his employment on May 6, 2008. Under the terms of his employment, UCN granted to Maylett options to purchase 250,000 shares of common stock at an exercise price equal to the market value on the date of grant that vest in equal installments over three years beginning on the one year anniversary of the date of grant and expire five years following the date of grant.

On June 23, 2008, Ed McGarr began his employment as UCN’s vice president of business development. Under the terms of his employment, UCN issued to McGarr options to purchase 50,000 shares of common stock at an exercise price equal to the market value on the date of grant that vest in equal installments over three years beginning on the one year anniversary of the date of grant and expire five years following the date of grant.

Source: incontact

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