Business & Finance
Business and Finance
Business and Finance
Fri, February 4, 2011
MF Global Discloses Employment Inducement Awards to Munir Javeri
NEW YORK--([ BUSINESS WIRE ])--MF Global Holdings Ltd. (NYSE: MF), a broker-dealer providing trading and hedging solutions, today disclosed it has granted and priced an inducement stock option award to Munir Javeri, its Global Head of Trading, in accordance with the terms of his employment agreement. The inducement award granted to Mr. Javeri is a stock option to purchase 1.5 million shares of MF Global common stock at an exercise price per share of $8.32. One third of the options will vest on each anniversary of the grant date, with all the options becoming fully vested on the third anniversary of the grant date. Once vested, the option will remain exercisable for the full seven-year term.
This announcement is made pursuant to the Corporate Governance Standards of NYSE Rule 303A.08.
About MF Global
MF Global (NYSE: MF) is one of the worlda™s leading brokers of commodities and listed derivatives. The firm delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. MF Global provides access to more than 70 exchanges around the world and is a leader by volume on many of the largest derivatives exchanges. The firm is also one of 20 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York. MF Global helps clients discover and capitalize on market opportunities by providing actionable insight, market expertise and deep liquidity.For more information please visit [ mfglobal.com ].
