Stock Option Grants

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 

Don Hughes, Vice President - 25,000 options, new 
holding is 150,000 options and no shares.

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