4//SEC Filing
IGATE CORP 4
Accession 0001192482-15-000292
CIK 0001024732operating
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:07 PM ET
Size
15.2 KB
Accession
0001192482-15-000292
Insider Transaction Report
Form 4
IGATE CORPIGTE
Kandula Srinivas
Global Head of Human Resources
Transactions
- Disposition to Issuer
Common Stock
2015-07-01$48.00/sh−144,573$6,939,504→ 0 total - Disposition to Issuer
Restricted Stock Award
2013-07-17−30,000→ 0 totalExercise: $0.00→ Common Stock (30,000 underlying) - Disposition to Issuer
Restricted Stock Award
2011-05-12−88,000→ 0 totalExercise: $0.00→ Common Stock (88,000 underlying) - Disposition to Issuer
Stock option (right to buy)
2010-04-14$36.33/sh−20,000$726,600→ 0 totalExercise: $11.67Exp: 2020-04-14→ Common Stock (20,000 underlying) - Disposition to Issuer
Restricted Stock Award
2011-05-12−11,000→ 0 totalExercise: $0.00→ Common Stock (11,000 underlying)
Footnotes (5)
- [F1]Disposed of pursuant to the merger agreement among Issuer and Cap Gemini, S.A., CapGemini North America, Inc. and LaPorte Merger Sub, Inc. in exchange for a cash payment of $48.00 per share.
- [F2]This option, originally representing a right to purchase 75,000 shares, was granted on April 14, 2010 and vested quarterly over four years at a rate of 25% per year, commencing on April 14, 2011. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $726,600.00, representing the aggregate difference between the merger consideration of $48.00 per share and the exercise price of the option on the effective date of the merger.
- [F3]Represents the target number of performance shares received upon attainment of the Company's twelve-month trailing adjusted EBITDA goal at any fiscal quarter end within the period of 1/1/11 through 6/30/17 (the "Performance Period"). In the event the Company achieved its maximum twelve-month trailing adjusted EBITDA goal at any fiscal quarter end within the Performance Period, two times the target number of shares were to vest. The restricted shares were canceled in the merger in exchange for a cash payment of $48.00 per share.
- [F4]Represents restricted stock, of which 25% vested on May 12, 2014, 25% vested on May 12, 2015 and 50% were scheduled to vest on May 12, 2016. The restricted shares were canceled in the merger in exchange for a cash payment of $48.00 per share.
- [F5]Represents restricted stock scheduled to vest in four equal installments of 10,000 shares over four years commencing on July 17, 2014, provided that the executive remained employed by the Company on each date of vesting. The restricted shares were canceled in the merger in exchange for a cash payment of $48.00 per share.
Documents
Issuer
IGATE CORP
CIK 0001024732
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0001024732
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:07 PM ET
- Size
- 15.2 KB