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XenoPort, Inc.
XNPT reported today that equity awards were made to
three new employees subject to the terms and conditions of the XenoPort 2010
Inducement Award Plan. The employees were granted stock options to purchase an
aggregate of 162,000 shares of XenoPort's common stock and restricted stock
units representing an aggregate of 12,500 shares of XenoPort's common stock.
The stock options have a per share exercise price of $5.51, the closing
trading price of XenoPort's common stock on the Nasdaq Global Select Market on
the October 3, 2011 grant date. The stock options have a ten-year term and
vest over four years, with 25% cliff vesting on the first anniversary of the
employee's date of hire and 1/48th of the options vesting monthly thereafter.
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