Article: Ditech Networks Grants Stock Options to Purchase 37,500 Shares and Grants 15,007 Restricted Stock Awards Under New Recruit Plans.

MOUNTAIN VIEW, Calif., Sept. 21 /PRNewswire-FirstCall/ -- Ditech Networks, Inc. granted, pursuant to plans established by Ditech Networks without stockholder approval in reliance upon the "material inducement" exception to the stockholder approval requirements of the rules of The Nasdaq Stock Market, stock options to purchase an aggregate of 37,500 shares of its common stock, and an aggregate of 15,007 restricted stock awards, to nine 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 ...

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