Stock Option Grants The Board of Directors of Apptix ASA has on May 4, 2011 approved new stock option grants for four members of the management team under the Stock Option Program approved by the shareholders at the annual shareholder meeting on May 4, 2010. The strike price is NOK 3.01 which is today's closing price at Oslo Bors. The terms of the new stock option grants include a five year contractual life 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. The following outlines the grants and new total holding for the four individuals registered as primary insiders: Chris Mack, CF0 - 75,000 options, new holding is 600,000 options and 8,949 shares John Kersse, CTO - 75,000 options, new holding is 600,000 options and no shares. Aubrey Shoot, VP Business Development - 75,000 options, new holding is 275,000 options and no shares. Don Hughes, Vice President - 25,000 options, new holding is 150,000 options and no shares.
