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MeldingsID: 422473
Dato/tid 13.03.2017 22:00
Utsteder Opera Software ASA
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Kategori ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel Grant of Options
Tekst
Reference is made to the calling notice as of today.

The Board of Directors of Opera Software ASA granted a total of 8,288,000
options, on 13 April, 2017, contingent on the approval of the proposed programs
by the shareholders.
In order to better align the interests of the senior management at adColony, the
Board of Directors proposes to cancel 1 690 000 restricted share units ("RSUs")
which have been granted to adColony's 10 most senior leaders and replace it with
a 3 year option program.

The 6,388,000 options that were granted have a strike price equal to the closing
share price today: NOK 38.50. The options vests annually over 3 years with 1/3
in March 2018, 1/3 in March 2019 and 1/3 in March 2020. Please refer to the
calling notice for further information.
In addition the Board of Directors is proposing a new options program for
employees in Opera Software ASA. This program is a continuation of earlier
programs and seeks to align the interest of the employees with the interest of
the shareholders. The 1,900,000 options granted have an initial strike price
equal to the closing share price today, NOK 38.50, and until the options vest,
the strike price shall increase by 4% on the day after each anniversary after
the grant. The options vest over 4 years with 1/4 in March 2018, 1/4 in March
2019, 1/4 in March 2020 and 1/4 in March 2021. Please refer to the calling
notice for further information.
The following primary insiders were granted options:
Will Kassoy, CEO adColony: 2,488,503 options which vest over 3 years and with a
strike price of NOK 38.50. After this grant, the employee holds 2,488,503
options, 9,000 RSUs, and 188,488 shares in Opera Software ASA.
Brian Kesterson, EVP Finance & Administration, adColony: 189,000 options which
vest over 3 years and with a strike price of NOK 38.50. After this grant, the
employee holds 189,000 options, 6,750 RSUs and 621 shares in Opera Software ASA.
Lars Boilesen, CEO, Opera Software ASA: 1,200,000 options which vest over 4
years with an initial strike price of NOK 38.50. After this grant, the employee
holds 1,200,000 options, 126,300 RSUs, and 164,146 shares in Opera Software
ASA.
Petter Lade, CFO, Opera Software ASA: 250,000 options which vest over 4 years
with an initial strike price of 38.50. After this grant, the employee holds
290,000 options and 40,400 shares in Opera Software ASA.

Roar Olbergsveen, CAO, Opera Software ASA: 200,000 options which vest over 4
years with an initial strike price of NOK 38.50. After this grant, the employee
holds 260,000 options and 248 shares in Opera Software ASA.
Jason Hoida, General Counsel, Opera Software ASA: 150,000 options which vest
over 4 years with an initial strike price of NOK 38.50. After this grant, the
employee holds 305,000 options and 5,000 shares in Opera Software ASA.

Thomas Bullen, VP FP&A, Opera Software ASA: 50,000 options which vest over 4
years with an initial strike price of NOK 38.50. After this grant, the employee
holds 50,000 options and 2,000 RSUs in Opera Software ASA.

Philip Tyman, VP Financial Reporting and Compliance, Opera Software ASA: 50,000
options which vest over 4 years with an initial strike price of NOK 38.50. After
this grant, the employee holds 50,000 options and 200 shares in Opera Software
ASA.

Jørgen Jordet, VP Accounting and Consolidation, Opera Software ASA: 50,000
options which vests over 4 years with an initial strike price of NOK 38.50.
After this grant, the employee holds 50,000 options and 400 shares in Opera
Software ASA.

Petter Lade, CFO

Tel: +47 911 43 878

About Opera

Opera holds shares in several different businesses, including AdColony which
helps publishers monetize their content through advertising and advertisers
reach the audiences that build value for their businesses, capitalizing on a
global consumer audience reach that exceeds 1 billion; Opera Apps and Games
(Bemobi); "Performance & Privacy" (Skyfire and Surfeasy); and Opera TV.

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