MURTHY PHANEESH 4
4 · IGATE CORP · Filed May 16, 2011
Insider Transaction Report
Form 4
IGATE CORPIGTE
MURTHY PHANEESH
DirectorPresident and CEO
Transactions
- Award
Common Stock
2011-05-12+65,000→ 349,312 total - Award
Common Stock
2011-05-12+260,000→ 609,312 total
Footnotes (2)
- [F1]Represents restricted stock, of which 25% will vest on May 12, 2013, 25% will vest on May 12, 2014 and 50% will vest on May 12, 2015.
- [F2]Represents the target number of performance shares to be received upon attainment of the Company's twelve-month trailing adjusted EBITDA goal at any fiscal quarter end within the five year period of 1/1/11 through 12/31/15 (the "Performance Period"). In the event the Company achieves its maximum twelve-month trailing adjusted EBITDA goal at any fiscal quarter end within the Performance Period, two times the target number of shares will vest.