Apogee Enterprises Reports Grant of Inducement Award
August 23, 2011

The compensation committee of the board of directors at Apogee Enterprises Inc. in Minneapolis has approved equity grants to Joseph F. Puishys, effective August 22, as an inducement for the new CEO and president. Puishys replaced Russ Huffer effective August 22.

The equity grants are: (i) 155,875 shares of time-based restricted common stock of the company, which will vest in equal annual increments over a 5-year period, in accordance with the terms of a restricted stock agreement entered into August 22; (ii) options to purchase 450,512 shares of the company's common stock, which will vest in equal annual increments over a 3-year period, in accordance with the terms of a stock option agreement entered into August 33; and (iii) 59,952 shares of the company's common stock that immediately vested.

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