Article: Ditech Networks Grants Stock Options to Purchase 4,000 Shares and Grants 1,400 Restricted Stock Awards Under New Recruit Plans.

MOUNTAIN VIEW, Calif., Aug. 2 /PRNewswire-FirstCall/ -- Ditech Networks, Inc. granted stock options to purchase an aggregate of 4,000 shares of its common stock, and granted an aggregate of 1,400 restricted stock awards to two people who were recently hired by Ditech Networks. All of the stock options have a term of ten years, and all of the stock options and restricted stock awards will vest over four years and were granted as a material inducement for these people to join Ditech Networks. The stock options have an exercise price per share equal to the closing sales price of the common stock on the date of grant. The options and restricted stock awards were granted ...

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