SEC Form 4 · accession 0001192482-15-000288
IGATE CORP · IGTE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Webster Roy Dunbar
Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 1, 2015 · 4:06 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 | 7,200 | $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 | $20.61 | Nov 3, 2010 | D | 40,000 | D | — | Nov 3, 2020 | Common Stock | 40,000 | 0 | D |
| Stock Option (right to buy)F1,F3 | $15.91 | Jan 19, 2011 | D | 4,000 | D | — | Jan 19, 2021 | Common Stock | 4,000 | 0 | D |
| Restricted Stock AwardF1,F4 | $0.00 | Apr 14, 2014 | D | 2,880 | D | — | — | Common Stock | 2,880 | 0 | D |
| Restricted Stock UnitsF1,F5 | $0.00 | Jan 22, 2015 | D | 430 | D | — | — | Common Stock | 430 | 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 was granted on November 3, 2010 and was scheduled to vest in five equal annual installments beginning on November 3, 2011. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $1,095,600, 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 was granted on January 19, 2011and was scheduled to vest in five equal annual installments beginning on the January 19, 2012. Pursuant to the terms of the Merger Agreement, this option was canceled in exchange for a cash payment of $128,360, 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.
- F4The restricted stock was scheduled to vest over three years commencing on April 14, 2015 at a rate of 33.33% per year.
- F5The restricted stock units were scheduled to vest on January 22, 2016. Half of the vested shares were to be delivered on January 22, 2016, and the remaining half of the vested shares were to be delivered to the reporting person upon the termination of the 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.