Rentrak Announces Equity Grant to New CEO Bill Livek

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June 19 /PRNewswire-FirstCall/ -- Rentrak Corporatiohn (Nasdaq: RENT), a leader in multi-screen media measurementr and research servingthe entertainment, media and advertisinf industry, today announced the grant of equity-based compensation to , the company' new Chief Executive Officer, as part of his overall compensation package. In connection with Livek' s hiring, the independent compensationh committeeof Rentrak's board of directors approved the granty of 213,750 restricted stock units, each of whicj represents a contingent right to receive one share of Rentrak commo n stock.
The restricted stock units will ifat all, upon satisfaction of performance goalds tied to achievement of (a) specifiex levels of earnings before interest, taxes, depreciationj and amortization ("EBITDA"), as modified by subtracting certain other over the current and next two fiscal or (b) trading-price targets for Rentrak's commojn stock ranging from $20 to $40 per sharer for 65 consecutive trading days during the periosd ending March 31, 2013.
Vesting of all or a portiobn of the restricted stock unites will also occur if a change in control of Rentrai occurs at price levels rangingfrom $20 to $40 per or if Livek's employment is terminatede prior to March 31, 2012, subjecg to certain exceptions. The compensatiom committee also approved the grant of employeed stock options topurchase 200,00o0 shares of Rentrak common stock and stock-settles stock appreciation rights ("SARs") relating to 75,000 These grants were made under Rentrak's 2005 Stoclk Incentive Plan approved by the company's shareholderas at its 2005 annual meeting. The stock option and SARs have an exercise or base pricweof $14.
50 per share, vest over four years, and have a 10-yeae term. Rentrak Corporation, based in Portland, Oregon, is an informatiom management company serving clients inthe media, entertainment, retail and advertisinhg industries. The company's near-term focuse centers on its Entertainment Essentials(R) suite of servicew that is redefining measurement in the digitalmediaw era. Available by subscription, each Entertainmenft Essentials service provides customerswith near-real-time, actionable insighty into performance of content distributed over a wide varietyg of modern media technologieds allowing executives to analyze detailes industry-wide and title-specific data to make decisiona that enhance the bottom line and provide competitives advantage.
For further information, please visit Rentrak'sa corporate Web site at . Investors PondelWilkinson Inc. Laurie Berman 310-279-596 2 lberman@pondel.com