Release of employee restricted share units in Opera Software ASA
1. Participants in the Company’s RSU program have on March 2nd 2015 settled a total number of 813 985 RSUs. Following the release, 813 985 shares will be transferred from the Company's holding of own shares. Subsequent to the transaction Opera Software ASA holds 475 084 own shares.
2. Restricted share units released by primary insiders March 2nd 2015:
Rian Cochran has received 750 shares in the Company.
Rikard Gillemyr has received 2 500 shares in the Company.
Tove Selnes has received 5 000 shares in the Company.
Thomas Bullen has received 1 000 shares in the Company.
Mahi De Silva has received 28 750 shares in the Company.
Lars Boilesen has received 30 000 shares in the Company.
Erik Carson Harrell has received 5 000 shares in the Company.
Andreas Thome has received 5 000 shares in the Company.
3. Sale of shares
When the participants receive the shares they will be subject to pay salary tax on the total value of the shares received. In order to cover the taxes the employees must at minimum sell a predetermined rate of the shares set by Opera linked to country specific tax rates.
On March 2nd 2015 the primary insiders mentioned below ordered for the received shares to be immediately sold by a third party. The payment was determined based on a selling price of NOK 56,5802 per share.
Rian Cochran has sold 750 shares in the Company.
Rikard Gillemyr has sold 2 500 shares in the Company.
Tove Selnes has sold 2 361 shares in the Company.
Thomas Bullen has sold 444 shares in the Company.
Mahi De Silva has sold 15 875 shares in the Company.
Lars Boilesen has sold 16 265 shares in the Company.
Erik Carson Harrell has sold 2 211 shares in the Company.
Andreas Thome has sold 2 661 shares in the Company.
5. New holding
After completion of the abovementioned transactions, Rian Cochran holds 2 250 RSUs in the Company. In addition, Rian Cochran holds 5 000 unexercised options in the Company, corresponding to 5 000 shares at the strike price of NOK 26.84.
After completion of the abovementioned transactions, Rikard Gillemyr holds 7 500 RSUs in the Company. In addition, Rikard Gillemyr holds 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 20.96, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 26.84 and 250 000 unexercised options in the Company, corresponding to 250 000 shares at the strike price of NOK 37.34. As of today the primary insider holds 360 000 shares in the Company.
After completion of the abovementioned transactions, Tove Selnes holds 15 000 RSUs in the Company. In addition, Tove Selnes holds 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 26.84 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 34.54. As of today the primary insider holds 11 998 shares in the Company.
After completion of the abovementioned transactions, Thomas Bullen holds 3 000 RSUs in the Company. As of today the primary insider holds 556 shares in the Company.
After completion of the abovementioned transactions, Mahi De Silva holds 86 250 RSUs in the Company. As of today the primary insider holds 32 875 shares in the Company.
After completion of the abovementioned transactions, Lars Boilesen holds 90 000 RSUs in the Company. In addition, Lars Boilesen holds 300 000 unexercised options in the Company, corresponding to 300 000 shares at the strike price of NOK 18.90. As of today the primary insider holds 23 735 shares in the Company.
After completion of the abovementioned transactions, Erik Carson Harrell holds 15 000 RSUs in the Company. In addition, Erik Carson Harrell holds 112 500 unexercised options in the Company, corresponding to 112 500 shares at the strike price of NOK 20.96, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 26.84 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.34. As of today the primary insider holds 103 489 shares in the Company.
After completion of the abovementioned transactions, Andreas Thome holds 15 000 RSUs in the Company. In addition, Andreas Thome holds 120 000 unexercised options in the Company, corresponding to 120 000 shares at the strike price of NOK 27.16 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.34. As of today the primary insider holds 12 339 shares in the Company.
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 and more than 130
mobile operators to deliver the very best possible internet experience to their subscriber base. 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 800 million.