Marbridge Daily

<- April 01, 2010 ->

Alibaba Announces Options and Restricted Share Units

Hong Kong Exchanges and Clearing, 3/31/10

Chinese B2B e-commerce firm (1688.HK) has granted options to subscribe for a total of 12,246,000 shares, and granted restricted share units (RSUs) in respect of a total of 15,190,576 shares. The options have an exercise price of HKD 16.12 per share and are valid for 6 years. The RSUs have a vesting period of four years in general.

Of the options granted, 1.2 mln were granted to Alibaba CEO David Wei, 700,000 were granted to CFO Maggie Wu, 700,000 were granted to COO Elvis Lee, 900,000 were granted to executive director Deng Kangming, and 450,000 were granted to executive director Sabrina Peng.

No RSUs were granted to the directors of the company.

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