Smart Balance Announces Sales Organization Ap...(urchase 150000shares of common stock wit...),Health

Date:4/4/2008

urchase 150,000 shares of common stock with an exercise price of $8.31 per share, which is the last sale price of common stock on April 1, 2008, the date of the option grant and Edel's first date of employment with the Company. Fifty percent of the options vest quarterly in arrears over a four year period. Twenty-five percent of the options vest when the closing stock price is at least $16.75 per share for twenty out of thirty consecutive trading days. The remaining twenty-five percent vest when the closing price is at least $20.25 per share for twenty out of thirty consecutive trading days. All of the options are subject to accelerated vesting in the event of death, disability, or after a "change of control." The stock option grants meet the "employee inducement" exception to NASDAQ Marketplace Rule 4350 requiring shareholder approval of equity-based incentive plans.

The Company issued to Meltzer inducement stock options to purchase 150,000 shares of common stock with an exercise price of $8.31 per share, which is the last sale price of common stock on April 1, 2008, the date of the option grant and Meltzer's first date of employment with the Company. Fifty percent of the options vest quarterly in arrears over a four year period. Twenty-five percent of the options vest when the closing stock price is at least $16.75 per share for twenty out of thirty consecutive trading days. The remaining twenty-five percent vest when the closing price is at least $20.25 per share for twenty out of thirty consecutive trading days. All of the options are subject to accelerated vesting in the event of death, disability, or after a "change of control." The stock option grants meet the "employee inducement" exception to NASDAQ Marketplace Rule 4350 requiring shareholder approval of equity-based incentive plans.

About Smart Balance Inc.

Smart Balance Inc. (Nasdaq:

SOURCE Smart Balance Inc. Copyright©2008 PR Newswire. All rights reserved

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