LEWISVILLE, Texas--(BUSINESS WIRE)--
Teladoc, Inc. (NYSE: TDOC) announced today that it has granted
non-qualified stock options to new employees as material inducements to
their hiring. Stock options for the purchase of a total of eighty-eight
thousand shares of Teladoc’s common stock, par value $0.001 per share
(“Common Stock”), at a price per share of $22.30 were made to a total of
fifteen persons. In addition, in conjunction with his recent hiring as
executive vice president and chief revenue officer, Mr. Peter N. Nieves
received a non-qualified stock option to purchase four hundred thousand
shares of Common Stock at a price per share of $21.15.
Each of the options awarded vests as to twenty-five percent of the
shares it covers on the first anniversary of its grant, with the
remainder of the shares vesting ratably over thirty-six months
thereafter. All of the options were granted outside the terms of
Teladoc’s 2015 Incentive Award Plan in reliance on the employment
inducement exemption under the NYSE’s Listed Company Manual Rule
303A.08. Pursuant to the requirements of that rule, Teladoc is issuing
this press release.
About Teladoc
Teladoc, Inc. (NYSE:TDOC) is the nation’s leading provider of telehealth
services and a pioneering force in bringing the virtual care visit into
the mainstream of today’s health care ecosystem. Serving some 7,500
clients — including health plans, health systems, employers and other
organizations — more than 17.5 million members can use phone, mobile
devices and secure online video to connect within minutes to Teladoc’s
network of more than 3,100 board-certified, state-licensed physicians
and behavioral health specialists, 24/7. With national coverage, a
robust, scalable platform and a Lewisville, TX-based member services
center staffed by 400 employees, Teladoc offers the industry’s most
comprehensive and complete telehealth solution including primary care,
behavioral health care, dermatology, tobacco cessation and more. For
additional information, please visit www.teladoc.com.
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Source: Teladoc, Inc.