Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome

Tintri Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)


Tintri, Inc. (NASDAQ:TNTR), a leading provider of enterprise cloud
platforms, today announced that, effective upon April 2, 2018, which was
the date that Tom Barton commenced employment with the Company, Mr.
Barton, the Company's Chief Executive Officer, received a stock option
to purchase 1,700,000 shares of the Company's common stock (the
"Option"). The Option was granted in accordance with Nasdaq Listing Rule
5635(c)(4) and under and subject to the terms of the Tintri, Inc.
Inducement Plan (the "Inducement Plan") and form of award agreement
thereunder that was adopted by the Company's Board of Directors in
connection with Mr. Barton's joining Tintri.

The Option will have a ten-year term and an exercise price that is the
same as the closing price of the Company's common stock on Mr. Barton's
start date. The Option will vest over four years with 25% of the total
shares vesting one year from Mr. Barton's start date and 1/48th of the
total shares vesting monthly for the next three years, subject to his
continued service through each vesting date. The Option provides for
acceleration of vesting under certain circumstances, described in more
detail in our Current Report on Form 8-K filed with the SEC on March 15,

The above descriptions are qualified in their entirety by the offer
letter between the Company and Mr. Barton, which will be filed as an
exhibit to our Annual Report on Form 10-K for the year ended January 31,

About Tintri

Tintri (NASDAQ:TNTR) offers an enterprise cloud infrastructure built on
a public-cloud like web services architecture and RESTful APIs.
Organizations use Tintri all-flash storage with scale-out and automation
as a foundation for their own clouds—to build agile development
environments for cloud native applications and to run mission-critical
enterprise applications. Tintri enables users to guarantee the
performance of their applications, automate common IT tasks to reduce
operating expenses, troubleshoot across their infrastructure, and
predict an organization's needs to scale—the underpinnings of a modern
data center. That's why leading cloud service providers and enterprises,
including Comcast, Chevron, NASA, Toyota, United Healthcare and 20
percent of the Fortune 100, trust Tintri with enterprise cloud.

For more information, visit
and follow us on Twitter: @Tintri.

Forward Looking Statements

This press release contains forward-looking statements, including but
not limited to statements relating to Mr. Barton's commencement of
employment with the Company and compensation and benefits that are
awarded to our executive officers subject to the occurrence of future
events. These forward-looking statements are not historical facts, and
instead are based on our current expectations, estimates, opinions, and
beliefs. Consequently, you should not rely on these forward-looking
statements. The accuracy of such forward-looking statements depends upon
future events, and involves risks, uncertainties, and other factors
beyond our control that may cause these statements to be inaccurate and
cause our actual results, performance, or achievements to differ
materially and adversely from those anticipated or implied by such
statements, including, among others: risks associated with a change in
executive leadership; our ability to reduce operating expenses in future
periods; our ability to comply with and/or modify terms of our
outstanding debt; our ability to attract and retain employees; the rapid
evolution of the markets in which we compete; our ability to sustain or
manage future growth effectively; factors that could result in the
significant fluctuation of our future quarterly operating results,
including, among other things, our revenue mix, the timing and magnitude
of orders, shipments, and acceptance of our solutions in any given
quarter, our ability to attract new and retain existing end-customers,
changes in the pricing of certain components of our solutions, and
fluctuations in demand and competitive pricing pressures for our
solutions; the introduction or acceleration of adoption of competing
solutions; failure to develop, or unexpected difficulties or delays in
developing, new product features or technology on a timely or
cost-effective basis; and other risks and uncertainties included under
the captions "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" in our reports on file
with the U.S. Securities and Exchange Commission ("SEC"), including our
Quarterly Report on Form 10-Q for the quarter ended October 31, 2017,
which are available on our investor relations website at
and on the SEC website at,
or that we may file with the SEC following the date of this press
release. All statements provided in this release speak only as of the
date of this press release and, except as required by law, we assume no
obligation to update any forward-looking statements to reflect actual
results or subsequent events or circumstances.

© 2018 Tintri, Inc. All rights reserved. Tintri and the Tintri logo are
registered trademarks or trademarks of Tintri, Inc. in the United States
and other countries. Other brand names mentioned herein are for
identification purposes only and may be trademarks of their respective

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial