Grant of restricted share units

The Board of Directors of Opera Software ASA granted a total of 1,125,000 performance based restricted share units (“RSUs”) on May 19, 2015. 870,000 RSUs have been granted to approximately 170 employees of Opera Mediaworks, all of which will, if certain performance criteria are met, vest over 2 years with 50% annually.

The following primary insiders were granted RSUs:

Lars Boilesen, CEO, 78 000 RSUs. The RSUs are partly based on certain performance criteria and partly on criteria related to shareholder return. The performance based RSU will, provided that the criteria are met, vest annually over 4 years. The shareholder return based RSUs will, provided that the criteria are met, vest after three years. After this grant, the employee holds 168 000 RSUs, 300 000 options and 23 735 shares in Opera Software ASA.

Mahi de Silva, CEO Opera Mediaworks, 100 000 RSUs. The RSUs will, if certain performance criteria are met, vest annually over 4 years. After this grant, the employee holds 186 250 RSUs and 32 875 shares in Opera Software ASA.

Erik Harrell, CFO/CSO, 20 000 RSUs. The RSUs are partly based on certain performance criteria and partly on criteria related to shareholder return. The performance based RSU will, provided that the criteria are met, vest annually over 4 years. The shareholder return based RSUs will, provided that the criteria are met, vest after three years. After this grant, the employee holds 35 000 RSUs, 612 500 options and 103 489 shares in Opera Software ASA.

Andreas Thome, CCO, 20 000 RSUs. The RSUs are partly based on certain performance criteria and partly on criteria related to shareholder return. The performance based RSU will, provided that the criteria are met, vest annually over 4 years. The shareholder return based RSUs will, provided that the criteria are met, vest after three years. After this grant , the employee holds 35 000 RSUs, 520 000 options and 12 339 shares in Opera Software ASA.

Andreas Thorsheim, SVP Products, 25 000 RSUs. The RSUs are partly based on certain performance criteria and partly on criteria related to shareholder return. The performance based RSU will, provided that the criteria are met, vest annually over 4 years. The shareholder return based RSUs will, provided that the criteria are met, vest after three years. After this grant, the employee holds 25 000 RSUs and 5000 shares in Opera Software ASA.

Matthew Chagan, VP Corporate Development, 12.000 RSUs. The RSUs are partly based on certain performance criteria and partly on criteria related to shareholder return. The performance based RSU will, provided that the criteria are met, vest annually over 4 years. The shareholder return based RSUs will, provided that the criteria are met, vest after three years. After this grant, the employee holds 12 000 RSUs in Opera Software ASA.

Petter Lade, Investor Relations 

Tel: +47 2369 2400 

About Opera Software ASA 
Opera enables more than 350 million internet consumers worldwide to connect with the content and services that matter most to them. Opera also 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.

About Us

Opera Software ASA is an industry leader in the development of Web browsers for the desktop, device and mobile markets. The Opera browser has received international recognition from end-users and the industry press for being faster, smaller and more standards-compliant than other browsers, and it has gathered a cult following on the net.

Contacts

  • Opera Software ASA
    Waldemar Thranes gate 98 NO-0175 Oslo
    +47 24 16 40 00
    +47 24 16 40 01

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