Stock Option Grant The Board of Directors of Apptix ASA has approved a stock option grant to Shane Smith, Senior Vice President of Technology for 125,000 stock options under the Stock Option Program approved by the shareholders in the annual shareholder meeting on May 4, 2010. The terms of the new stock option grants include a five year contractual life at an option strike price of NOK 2.70 and vesting over a four year term with 20% at the grant date, 20% per year thereafter for years one and two and with quarterly vesting of 5% per quarter for years three and four. Following this grant, Share Smith has 225,000 stock options and no shares.
