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JIVE > SEC Filings for JIVE > Form 8-K on 27-Mar-2013All Recent SEC Filings

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Form 8-K for JIVE SOFTWARE, INC.


27-Mar-2013

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers


On March 21, 2013, the Compensation Committee of the Board of Directors (the
"Compensation Committee") of Jive Software, Inc. approved the following:



                                                                                           Number
                                                     Annual          Target bonus            of            Number of
                                    Current          salary             as % of            Stock          restricted
                                    Annual          effective           annual            options         stock units
Name                                salary        April 1, 2013         salary           granted(1)       granted(2)
Bryan LeBlanc                      $ 230,000     $       290,000                50 %          30,000            30,000
John Rizzo                         $ 230,000     $       258,750                50 %          25,000            25,000
Brian Roddy                        $ 210,000     $       260,000                50 %          30,000            30,000

(1) The exercise price of the options is equal to the closing stock price of our common stock on March 21, 2103, which was $16.43 per share. The options vest as to 25% of the total on March 21, 2014 with an additional 1/48th of the total amount vesting monthly thereafter, with full vesting occurring on March 21, 2017.

(2) The restricted stock units vest as to 25% of the total granted on each of May 16, 2014, May 18, 2015, May 16, 2016 and May 16, 2017.


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