Statement of Changes in Beneficial Ownership (4)
July 01 2015 - 4:09PM
Edgar (US Regulatory)
FORM 4
[
X
]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Kandula Srinivas
|
2. Issuer Name
and
Ticker or Trading Symbol
IGATE CORP
[
IGTE
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
EVP & Chief People Officer
|
(Last)
(First)
(Middle)
100 SOMERSET CORPORATE BOULEVARD
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/1/2015
|
(Street)
BRIDGEWATER,, NJ 08807
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock
|
7/1/2015
|
|
D
|
|
144573
|
D
|
$48.00
(1)
|
0
|
D
|
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Stock option (right to buy)
|
$11.67
|
4/14/2010
|
|
D
|
|
|
20000
(1)
|
(2)
|
4/14/2020
|
Common Stock
|
20000
|
$36.33
(2)
|
0
|
D
|
|
Restricted Stock Award
|
$0
|
5/12/2011
|
|
D
|
|
|
88000
(1)
|
(3)
|
(3)
|
Common Stock
|
88000
|
$0
|
0
|
D
|
|
Restricted Stock Award
|
$0
|
5/12/2011
|
|
D
|
|
|
11000
(1)
|
(4)
|
(4)
|
Common Stock
|
11000
|
$0
|
0
|
D
|
|
Restricted Stock Award
|
$0
|
7/17/2013
|
|
D
|
|
|
30000
(1)
|
(5)
|
(5)
|
Common Stock
|
30000
|
$0
|
0
|
D
|
|
Explanation of Responses:
|
(
1)
|
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.
|
(
2)
|
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.
|
(
3)
|
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.
|
(
4)
|
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.
|
(
5)
|
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.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
Kandula Srinivas
100 SOMERSET CORPORATE BOULEVARD
BRIDGEWATER,, NJ 08807
|
|
|
EVP & Chief People Officer
|
|
Signatures
|
/s/ James J. Barnes, Attorney-in-Fact
|
|
7/1/2015
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
Igate (NASDAQ:IGTE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Igate (NASDAQ:IGTE)
Historical Stock Chart
From Nov 2023 to Nov 2024