SEC Form 4 · accession 0001192482-15-000284
IGATE CORP · IGTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin G McGuinn
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 1, 2015 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024732
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 1, 2015 | D | 57,425 | $48.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $6.66 | Jul 6, 2009 | D | 22,000 | D | — | Jul 6, 2019 | Common Stock | 22,000 | 0 | D |
| Stock Option (right to buy)F1,F3 | $8.93 | Oct 20, 2009 | D | 3,000 | D | — | Oct 20, 2019 | Common Stock | 3,000 | 0 | D |
| Stock Option (right to buy)F1,F4 | $38.94 | Jul 7, 2014 | D | 1,091 | D | — | Jul 7, 2024 | Common Stock | 1,091 | 0 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Jul 7, 2014 | D | 1,092 | D | — | — | Common Stock | 1,092 | 0 | D |
| Restricted Stock UnitsF1,F6 | $0.00 | Jan 22, 2015 | D | 430 | D | — | — | Common Stock | 430 | 0 | D |
| Restricted Stock UnitsF1,F7 | $0.00 | Mar 30, 2015 | D | 257 | D | — | — | Common Stock | 257 | 0 | D |
Explanation of responses
- F1Disposed 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.
- F2This option, originally representing a right to purchase 110,000 shares, was granted on July 6, 2009 and vested in five equal annual installments beginning on July 6, 2010. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $909,480, 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.
- F3This option, originally representing a right to purchase 15,000 shares, was granted on October 20, 2009 and vested in five equal annual installments beginning on October 20, 2010. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $117,210, 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.
- F4This option was granted on July 7, 2014 and vested in three equal annual installments beginning on July 7, 2015. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $9,884.46, 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.
- F5The restricted stock units were scheduled to vest on July 7, 2015. Half of the vested shares were to be delivered to the reporting person on July 7, 2015, and the remaining half of the vested shares were to be delivered to the reporting person upon the termination of service as a member of the Board of Directors of Issuer. These units were canceled in the merger in exchange for a cash payment of $48.00 per share.
- F6The restricted stock units were scheduled to vest on January 22, 2016. Half of the vested shares were to be delivered to the reporting person on January 22, 2016, and the remaining half of the vested shares were to be delivered to the reporting person upon the termination of service as a member of the Board of Directors of Issuer. These units were canceled in the merger in exchange for a cash payment of $48.00 per share.
- F785 restricted stock units were scheduled to vest on July 7, 2015, 86 restricted stock units were scheduled to vest on July 7, 2016 and 86 restricted stock units were scheduled to vest on July 7, 2017. These units were canceled in the merger in exchange for a cash payment of $48.00 per share.