Millennial Media, Inc. Reports Employment Inducement Equity Grants

BALTIMORE--(BUSINESS WIRE)--Millennial Media, Inc. (NYSE: MM) today announced that it has made employment inducement equity awards to 6 employees. The inducement awards cover an aggregate of 85,000 shares of Millennial Media common stock in the form of 45,000 options to purchase shares of Millennial Media common stock and 40,000 restricted stock units of Millennial Media common stock, and are being made as a material inducement to employees entering into employment with Millennial Media in connection with the acquisition transaction.