Business & Finance
Business and Finance
Business and Finance
Mon, May 23, 2011
Sun, May 22, 2011
Fri, May 20, 2011 MF Global Discloses Employment Inducement Awards to Richard Moore
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 Richard Moore, managing director of Europe, in accordance with the terms of his employment agreement.
The inducement award granted to Mr. Moore is a stock option to purchase 1.0 million shares of MF Global common stock at an exercise price per share of $7.45. 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 generally remain exercisable for the full seven-year term. In the event Mr. Moore is terminated awithout cause,a he shall be permitted to exercise the portion of his stock option that had already vested as of the date of his termination for one year after his termination date.
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 world's leading brokers of commodities and listed derivatives. MF Global delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange. The firm is one of 20 primary dealers authorized to trade U.S. government securities with the Federal Reserve Bank of New York. The firm provides access to more than 70 exchanges around the world and is a leader by volume on many of the largest derivatives exchanges. MF Global helps clients discover and capitalize on market opportunities by providing actionable insight, market expertise and deep liquidity. For more information, please visit [ www.mfglobal.com ].
