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XenoPort Inc reports new inducement awards to two new employees.

M2 EQUITYBITES-August 5, 2013-XenoPort Inc reports new inducement awards to two new employees(C)2013 M2 COMMUNICATIONS

Biopharmaceutical company XenoPort Inc (NasdaqGS:XNPT) announced on Friday new employment inducement equity awards to two new employees in accordance with Nasdaq Market Place Rule 5635(c)(4).

These two employees were granted stock options to purchase 22,000 shares of the company's common stock and restricted stock units, representing 13,500 shares of its common stock.

The company said the stock options have a per share exercise price of USD5.42, with a ten-year term and vest over four years.

In addition, the company's restricted stock units vest in four equal annual installments on anniversaries of the 1 August 2013, the grant date.

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Publication:M2 EquityBites (EQB)
Date:Aug 5, 2013
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