NEW YORK--(BUSINESS WIRE)--Retrophin, Inc. (NASDAQ:RTRX) today announced the grant of inducement awards to 14 employees that occurred on January 5, 2015. The awards were granted as an inducement material to each such employee’s entering into employment with Retrophin pursuant to Rule 5635(c)(4) of the NASDAQ Listing Rules. The 14 employees were granted inducement awards consisting of stock options to purchase an aggregate of 355,000 shares of Retrophin common stock and 40,000 shares of restricted common stock. The stock options and restricted common stock vest in equal quarterly installments over a period of three years. The stock options are nonstatutory stock options and have an exercise price equal to $13.02 per share, the fair market value of Retrophin’s common stock on the date of grant.
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