Monday, July 17, 2006

Rambus appoints independent director

Rambus announced the appointment (07/14/06) of Penelope "Penny" Herscher to its Board of Directors as an independent director. Ms. Herscher was also appointed to its recently beleaguered compensation committee.

Read the Rambus press release linked here.

Rambus awarded Ms. Herscher 40,000 stock options with 5000 Shares to fully vested on 1/12/2007. Thereafter, beginning 2/12/2007 the remaining shares vest monthly becoming fully vested on 7/12/2010. Exercise price listed at $22.36.

Read the Form 4 linked here.

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