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InspireMD Appoints David Blossom as Vice President of Global Marketing and Strategy
Date:9/16/2013

ompetitive product category.

Mr. Blossom holds a Bachelor's Degree in Journalism and Advertising from Louisiana State University.

Inducement Awards

In connection with his appointment, InspireMD made an inducement grant to Blossom pursuant to a stand-alone award agreement outside of InspireMD's 2011 Umbrella Option Plan as an inducement material to Blossom entering into employment with InspireMD in accordance with Section 711(a) of the NYSE MKT Company Guide. The inducement grant was approved by the compensation committee of InspireMD's board of directors, which is comprised solely of independent directors. Blossom's inducement grant consists of a stock option to purchase up to 150,000 shares of InspireMD's common stock, with a per share exercise price equal to the closing price of the Company's common stock on September 16, 2013, the effective date of Blossom's employment with InspireMD. Blossom's option vests and becomes exercisable in three equal annual installments beginning on the one-year anniversary of the date of grant, subject to his continuous service through each vesting date. The option has a term of 10 years from the date of grant.

InspireMD also made an inducement grant to Dr. Campbell Rogers pursuant to a stand-alone award agreement outside of the InspireMD's 2011 Umbrella Option Plan in connection with his appointment to the board of directors on September 3, 2013. The inducement grant was approved by the compensation committee of InspireMD's board of directors.  Dr. Rogers's inducement grant consists of a stock option to purchase up to 125,000 shares of InspireMD's common stock, with a per share exercise price of $2.12, which was the closing price of the Company's common stock on the September 3, 2013 grant date. Dr. Rogers's option vests and becomes exercisable in three equal annual installments beginning on the one-year anniversary of the date of grant, subject to his continuous service through each vesting date, p
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SOURCE InspireMD, Inc.
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