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JIVE > SEC Filings for JIVE > Form 8-K on 3-Jun-2013All Recent SEC Filings

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Form 8-K for JIVE SOFTWARE, INC.


3-Jun-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 May 31, 2013, the Compensation Committee of the Board of Directors (the
"Compensation Committee") of Jive Software, Inc. increased the base salary and
associated bonus potential of, and made certain equity awards to, Anthony
Zingale, the company's Chief Executive Officer, as set forth in the table below:



                                                     Annual         Target bonus        Number of         Number of
                                    Current          salary            as % of            Stock          restricted
                                    Annual         effective           annual            options         stock units
Name                                salary        June 1, 2013         salary           granted(1)       granted(2)
Anthony Zingale                    $ 300,000     $      450,000                50 %         100,000           100,000

(1) The exercise price of the options is equal to the closing stock price of our common stock on May 31, 2013, which was $16.90 per share. The options vest as to 25% of the total on May 31, 2014 with an additional 1/48th of the total amount vesting monthly thereafter, with full vesting occurring on May 31, 2017.

(2) 75,000 restricted stock units vest as to 25% of the total on each of May 16, 2014, May 18, 2015, May 16, 2016 and May 16, 2017. The remaining 25,000 restricted stock units vest solely based on the achievement of certain performance metrics for 2013.


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