Idgunji Prashanth 4
4 · IGATE CORP · Filed Jun 17, 2011
Insider Transaction Report
Form 4
IGATE CORPIGTE
Idgunji Prashanth
Chief Accounting Officer
Transactions
- Award
Common Stock
2011-06-15+4,800→ 6,000 total - Award
Common Stock
2011-06-15+1,200→ 1,200 total
Footnotes (2)
- [F1]Represents restricted stock, of which 25% will vest on June 15, 2014, 25% will vest on June 15, 2015 and 50% will vest on June 15, 2016.
- [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.