Tugnait Sanjay Vishwanath 4
4 · IGATE CORP · Filed Jul 16, 2012
Insider Transaction Report
Form 4
IGATE CORPIGTE
Tugnait Sanjay Vishwanath
EVP & Head of Sales: N America
Transactions
- Award
Common Stock
2012-07-12+88,000→ 88,000 total - Award
Common Stock
2012-07-12+22,000→ 110,000 total - Award
Employee Stock Option (Right to Buy)
2012-07-12+10,000→ 10,000 totalExercise: $16.00Exp: 2022-07-11→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]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 approximately four year period of July 3, 2012 through June 30, 2016 (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.
- [F2]Represents restricted stock, of which 5,500 shares will vest on 07/11/2015, 5,500 shares will vest on 07/11/2016 and 11,000 shares will vest on 07/11/2017.
- [F3]The options vest as follows: 2,500 shares will vest on 07/11/2013, 2,500 shares vest will on 07/11/2014, 2,500 shares will vest on 07/11/2015 and 2,500 shares will vest on 07/11/2016.