BakBone Software To Conduct Voluntary Stock Option Cancel and Regrant Program for Employees.Business Editors SAN DIEGO--(BUSINESS WIRE)--Aug. 17, 2001 BakBone Software  This article about a company does not make it clear whether the subject meets the Wikipedia criteria for . (TM) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation , OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BKBOF), a global provider of storage management software, today announced a voluntary stock option cancel and regrant program for its employees. Under the program, BakBone employees, excluding executive officers, will be given the opportunity to cancel certain outstanding stock options previously granted to them in return for new options to purchase shares of its common stock equal to the number of options cancelled. These new options will be granted to participants in the exchange program six months and 1 day from the cancellation date. The exercise price of the new options will be based on the fair market value of the common stock at the time of the new option grants. "I believe our employees are our key asset at BakBone. Retaining our employees and motivating them to achieve our long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. is a high priority which will in turn enhance shareholder value," said Keith Rickard, president and chief executive officer of BakBone Software. The exchange program is being designed to conform with applicable Canadian and United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. accounting standards. Accordingly, BakBone anticipates that there will be no compensation charges to the company as a result of the exchange program. About BakBone Software, Inc. BakBone Software(TM) (TSE: BKB, OTC: BKBOF) is an international storage management software company that develops and globally distributes high-performance software solutions to the network storage and open systems markets. BakBone's near-line archival and backup/restore software suites provide scalable data protection from the workgroup to the enterprise. Founded in 2000, BakBone Software's products are used by companies worldwide, and are distributed through a network of OEMs and solution providers. BakBone's corporate headquarters is located at 10145 Pacific Heights Boulevard, San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. 92121. Its stock is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and is included on the TSE 300 Composite, S&P/TSE Canadian SmallCap and TSE 200 indices. For more information on BakBone products, call (866) 484-2663, e-mail sales@bakbone.com, or access BakBone's Web site at www.bakbone.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. The statements contained in this press release that are not historical in nature are forward-looking statements. Forward-looking statements are not guarantees since there are inherent difficulties in predicting future results, and actual results could differ materially from those expressed or implied in the forward-looking statements. BakBone Software, and the BakBone logo are all trademarks or registered trademarks of BakBone Software, Inc., in the United States and/or in other countries. All other brands, products or service names are or may be trademarks or service marks of, and used to identify, products or services of their respective owners. For more information: Media, industry analysts: Investor relations: Bertha Edington Raju Wani 858.450.9009 877.949.2663 bertha.edington@bakbone.com investors@bakbone.com |
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