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InspireMD Appoints Rick Olson as Vice President of Global Sales Operations
Date:12/2/2013

/span>, Chief Executive Officer of InspireMD. "Rick has a strong track record of building successful sales organizations in the coronary, vascular and peripheral therapeutic markets. His ability to positively lead our organization in all three therapeutic areas is a tremendous benefit to our commercial efforts as we enter the next phase of our selling activities. Further, Rick's success in implementing highly efficient and successful sales strategies has spanned virtually all geographies. This allows us to advance our current market strategies and evaluate new markets across all therapeutic areas."

Inducement Award

In connection with his appointment, InspireMD made an inducement grant to Mr. Olson pursuant to a stand-alone award agreement outside of InspireMD's 2011 Umbrella Option Plan as an inducement material to Mr. Olson 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. Mr. Olson'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 December 2, 2013, the first trading day following the effective date of Mr. Olson's employment with InspireMD. Mr. Olson'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.

About Stenting and MGuard™ EPS

Standard stents were not engineered for heart attack patients. They were designed for treating stable angina patients whose occlusion is different from that of an occlusion in a heart attack patient.

In acute heart attack patients, the plaque or
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SOURCE InspireMD, Inc.
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