Summary of New Restricted Stock Bonus Grants to Executive Officers under the Openwave Systems Inc 2001 Stock Compensation Plan
Openwave Systems Inc has granted restricted stock bonuses to five executive officers under its 2001 Stock Compensation Plan. Each officer will receive a specified number of restricted shares, with vesting occurring monthly over a three-year period starting November 27, 2003. The grants are subject to the terms of the company's standard Restricted Stock Bonus agreement. This summary outlines the recipients, grant dates, number of shares, and vesting schedule.
Exhibit 10.2
New Restricted Stock Bonus Grants to Executive Officers Under The Openwave Systems Inc 2001 Stock Compensation Plan
The following grants were made using the form of Restricted Stock Bonus agreement filed as Exhibit 10.2 to the Company’s Annual Report on Form 10-K filed on September 30, 2002
| Participant | Grant Date | Restricted Shares | Vesting Schedule | |||
| David Hose | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Joshua Pace | 10/27/2003 | 4,166 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Steve Peters | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Jon Shantz | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
| Allen Snyder | 10/27/2003 | 16,666 | 1/36 of the shares monthly beginning on 11/27/03 | |||
