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- Initial Statement of Beneficial Ownership (3)

Date : 04/23/2012 @ 1:41PM
Source : Edgar (US Regulatory)
Stock : Igate Corp. (MM) (IGTE)
Quote : 36.97  0.06 (0.16%) @ 5:10PM
Igate share price Chart

- Initial Statement of Beneficial Ownership (3)

FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Chitale Sunil

2. Date of Event Requiring Statement (MM/DD/YYYY)
4/13/2012 

3. Issuer Name and Ticker or Trading Symbol

IGATE CORP [IGTE]

(Last)        (First)        (Middle)

6528 KAISER DRIVE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
See remarks /

(Street)

FREMONT, CA 94555       

(City)              (State)              (Zip)
5. 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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   8000   (1) D    
Common Stock   22000   (2) D    
Common Stock   88000   (3) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents restricted stock, of which 1,600 shares will vest on July 8, 2012, 1,600 shares will vest on July 8, 2013, 1,600 shares will vest on July 8, 2014, 1,600 shares will vest on July 8, 2015 and 1,600 shares will vest on July 8, 2016.
( 2)  Represents restricted stock, of which 5,500 shares will vest on May 12, 2014, 5,500 shares will vest on May 12, 2015 and 11,000 shares will vest on May 12, 2016.
( 3)  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 five and a half year period of January 1, 2011 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.

Remarks:
EVP and Head of Strategy, Marketing & Planning
Exhibit List
Exhibit 24 - Power of Attorney

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Chitale Sunil
6528 KAISER DRIVE
FREMONT, CA 94555


See remarks

Signatures
/s/ Teresa V. Pahl, Attorney-in-Fact 4/23/2012
** 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 5(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.

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