Sientra Reports Inducement Grant under NASDAQ Listing Rule 5635(c)(4)


SANTA BARBARA, Calif., March 01, 2017 (GLOBE NEWSWIRE) -- Sientra, Inc. (NASDAQ:SIEN) (“Sientra”), a medical aesthetics company, today announced that it has granted 36,000 time-vested restricted stock units under its Inducement Plan to Vidur Sahney, Sientra’s new Vice President, Operations and Supply Chain, pursuant to the terms of his employment with Sientra. This award was approved by the Compensation Committee of Sientra’s Board of Directors and was granted as an inducement material to Mr. Sahney’s entering into employment with Sientra, pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules.

The restricted stock unit award was granted on February 28, 2017 and will vest in equal installments over a three-year period, based on Mr. Sahney’s continued service relationship with Sientra on each vesting date.

About Sientra
Headquartered in Santa Barbara, California, Sientra is a medical aesthetics company committed to making a difference in patients’ lives by enhancing their body image, growing their self-esteem and restoring their confidence. The Company was founded to provide greater choice to board-certified plastic surgeons and patients in need of medical aesthetics products. The Company has developed a broad portfolio of products with technologically differentiated characteristics, supported by independent laboratory testing and strong clinical trial outcomes. The Company sells its breast implants and breast tissue expanders exclusively to board-certified and board-admissible plastic surgeons and tailors its customer service offerings to their specific needs. The Company also offers a range of other aesthetic and specialty products including bioCorneum®, the professional choice in scar management.

Investor Contacts:

Patrick F. Williams
Sientra, Chief Financial Officer
(619) 675-1047

Nick Laudico / Brian Johnston
The Ruth Group
(646) 536-7030 / (646) 536-7028

Primary Logo


Source: Sientra Inc.

Nasdaq: SIEN

Stock Quote: NASD

$0.84 -0.04
Volume 452,889
Previous Close 0.88
Intraday High 0.89
Intraday Low 0.81
Pricing delayed 20 minutes
Price Change % Change -4.95% 52 Week High 9.14 52 Week Low 0.80 Today's Open 0.89 Jun 29, 2022 04:00 PM

Investor Contact

Sientra Investor Relations