SAN MATEO, Calif., Mar 04, 2009 (BUSINESS WIRE) -- Keynote Systems (Nasdaq:KEYN), the global leader in on-demand mobile and
Internet test & measurement solutions for continuously improving the
online experience, announced today that Umang Gupta, its Chief Executive
Officer has agreed to the cancellation of a stock option grant to
purchase 400,000 shares of Common Stock at an exercise price of $14.99
per share granted on November 6, 2007 upon the passage of Proposal No.
2, the proposal to extend the term of Keynote's 1999 Equity Incentive
Plan (the "Plan"), at Keynote's adjourned Annual Meeting of Stockholders
on Friday March 6, 2009. As previously announced, the adjournment of the
Annual Meeting is with respect to Proposal No. 2 only and the adjourned
Annual Meeting will be reconvened at 10:00 a.m., Pacific Time, on
Friday, March 6, 2009 at its executive offices at 777 Mariners Island
Boulevard in San Mateo, California.
Keynote has filed a proxy statement pursuant to which Keynote is
soliciting proxies in connection with seeking stockholder approval of
the extension of the Plan with the Securities and Exchange Commission
(the "SEC"). Stockholders are urged to read the proxy
statement and other relevant documents filed with the SEC.
Keynote Systems (Nasdaq "KEYN") is the global leader in on-demand test &
measurement solutions for continuously improving the online experience.
For over a decade, Keynote has been providing measurement data and
testing capabilities that allow companies to understand and improve
their customers' online and mobile experience. Keynote has four test and
measurement businesses: Web performance, mobile quality, streaming &
VoIP, and customer experience/UX.
Known as The Mobile and Internet Performance Authority(TM), Keynote has a
market-leading infrastructure of 2,600 measurement computers and mobile
devices in over 240 locations around the world. Keynote's 2,800
customers represent top Internet and mobile companies including American
Express, Dell, Disney, eBay, E*TRADE, Expedia, Microsoft, SonyEricsson,
Sprint, T-Mobile, Verizon, Vodafone and YouTube.
Keynote Systems, Inc. is headquartered in San Mateo, California and can
be reached at www.keynote.com
or by phone in the U.S. at 1-800-KEYNOTE.
Keynote, The Internet Performance Authority, Perspective and
WebEffective are registered trademarks and The Mobile and Internet
Performance Authority and True Experience are trademarks of Keynote
Systems, Inc. Other trademarks are the property of their respective
owners. (C) 2009 Keynote Systems, Inc.
SOURCE: Keynote Systems
Keynote Systems, Inc.
Dan Berkowitz, 650-403-3305 (Public Relations)
Kirsten Chapman, 415-433-3777 (Investor Relations)