{"id":403096,"date":"2020-12-18T16:33:20","date_gmt":"2020-12-18T21:33:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403096"},"modified":"2020-12-18T16:33:20","modified_gmt":"2020-12-18T21:33:20","slug":"ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/","title":{"rendered":"PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SOUTH PLAINFIELD, N.J.<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212; PTC Therapeutics, Inc.\u00a0(NASDAQ: PTCT) today announced that on\u00a0December 15, 2020\u00a0it approved non-statutory stock options to purchase an aggregate of 12,500 shares of its common stock and 4,360 restricted stock units (&#8220;RSUs&#8221;), each representing the right to receive one share of its common stock upon vesting, to 10 new employees. The awards were made pursuant to the NASDAQ inducement grant exception as a component of the new hires&#8217; employment compensation.<\/p>\n<p>The inducement grants were approved by\u00a0PTC&#8217;s Compensation Committee on <span class=\"xn-chron\">December 15, 2020<\/span> and are being made as an inducement material to each employee&#8217;s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).<\/p>\n<p>All stock option awards have an exercise price of\u00a0$66.37 per share, the closing price of PTC&#8217;s common stock on <span class=\"xn-chron\">December 15, 2020<\/span>, the date of the grant. The stock options each have a 10-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee&#8217;s new hire date and 6.25% of the original number of shares vesting at the end of each subsequent three-month period thereafter until fully vested, subject to the employee&#8217;s continued service with the Company through the applicable vesting dates.\u00a0The RSUs each will vest over four years with 25% of the original number of shares vesting on each annual anniversary of the applicable employee&#8217;s new hire date until fully vested, subject to the employee&#8217;s continued service with the Company through the applicable vesting dates.<\/p>\n<p>\n        <b>ABOUT PTC THERAPEUTICS, INC.<\/b><br \/>\n        <br \/>PTC is a science-driven, global biopharmaceutical company focused on the discovery, development and commercialization of clinically differentiated medicines that provide benefits to patients with rare disorders. PTC&#8217;s ability to globally commercialize products is the foundation that drives investment in a robust pipeline of transformative medicines and our mission to provide access to best-in-class treatments for patients who have an unmet medical need.\u00a0<\/p>\n<div>\n<table id=\"convertedTable9c3b\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>For more information please contact:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n              \n            <\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media: <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investors:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Jane Baj <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Lisa Hayes<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+1 (908) 912-9167 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">+1 (732) 354-8687<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:jbaj@ptcbio.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">jbaj@ptcbio.com<\/a> \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:lhayes@ptcbio.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">lhayes@ptcbio.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY29661&amp;sd=2020-12-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-301196248.html\">http:\/\/www.prnewswire.com\/news-releases\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-301196248.html<\/a><\/p>\n<p>SOURCE  PTC Therapeutics, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY29661&amp;Transmission_Id=202012181630PR_NEWS_USPR_____NY29661&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SOUTH PLAINFIELD, N.J., Dec. 18, 2020 \/PRNewswire\/ &#8212; PTC Therapeutics, Inc.\u00a0(NASDAQ: PTCT) today announced that on\u00a0December 15, 2020\u00a0it approved non-statutory stock options to purchase an aggregate of 12,500 shares of its common stock and 4,360 restricted stock units (&#8220;RSUs&#8221;), each representing the right to receive one share of its common stock upon vesting, to 10 new employees. The awards were made pursuant to the NASDAQ inducement grant exception as a component of the new hires&#8217; employment compensation. The inducement grants were approved by\u00a0PTC&#8217;s Compensation Committee on December 15, 2020 and are being made as an inducement material to each employee&#8217;s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). All stock option awards have &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403096","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SOUTH PLAINFIELD, N.J., Dec. 18, 2020 \/PRNewswire\/ &#8212; PTC Therapeutics, Inc.\u00a0(NASDAQ: PTCT) today announced that on\u00a0December 15, 2020\u00a0it approved non-statutory stock options to purchase an aggregate of 12,500 shares of its common stock and 4,360 restricted stock units (&#8220;RSUs&#8221;), each representing the right to receive one share of its common stock upon vesting, to 10 new employees. The awards were made pursuant to the NASDAQ inducement grant exception as a component of the new hires&#8217; employment compensation. The inducement grants were approved by\u00a0PTC&#8217;s Compensation Committee on December 15, 2020 and are being made as an inducement material to each employee&#8217;s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). 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The awards were made pursuant to the NASDAQ inducement grant exception as a component of the new hires&#8217; employment compensation. The inducement grants were approved by\u00a0PTC&#8217;s Compensation Committee on December 15, 2020 and are being made as an inducement material to each employee&#8217;s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4). All stock option awards have &hellip; Continue reading \"PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T21:33:20+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY29661&amp;sd=2020-12-18","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)","datePublished":"2020-12-18T21:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/"},"wordCount":357,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY29661&amp;sd=2020-12-18","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ptc-therapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-9\/","name":"PTC Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - 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