Igate Corp - Initial Statement of Beneficial Ownership (3)
April 21 2008 - 6:10PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
Expires:
January 31, 2008
Estimated average burden
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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
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1. Name and Address of Reporting Person
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Narayanan Sean Suresh
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2. Date of Event Requiring Statement (MM/DD/YYYY)
4/18/2008
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3. Issuer Name
and
Ticker or Trading Symbol
IGATE CORP [IGTE]
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(Last)
(First)
(Middle)
1000 COMMERCE DRIVE, SUITE 500
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
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X
___ Officer (give title below)
_____ Other (specify below)
Chief Delivery Officer-IT Svcs /
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(Street)
PITTSBURGH, PA 15275
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
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X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to buy)
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(1)
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11/9/2013
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Common Stock
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15026
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$.08
(2)
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D
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Employee Stock Option (right to buy)
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(3)
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1/9/2017
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Common Stock
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42073
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$8.64
(2)
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D
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Explanation of Responses:
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(
1)
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The options vest as follows: 7,513 shares will vest on 10/9/2009 and 7,513 shares will vest on 10/9/2011.
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(
2)
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Pursuant to the delisting of iGate Global Solutions Limited ("iGS") from the Bombay Stock Exchange Limited, the National Stock Exchange of India Limited and the Bangalore Stock Exchange Limited, Mr. Narayanan was given the right to convert existing iGS options into options to purchase iGate Corp. Common Stock, and exercised such right on 12/7/2007.
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(
3)
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The options vest as follows: 10,519 shares vested on 1/9/2008, 2,629 shares vested on 4/9/2008, 2,629 shares will vest on 7/9/2008, 2,629 shares will vest on 10/9/2008, 2,629 shares will vest on 1/9/2009, 2,629 shares will vest on 4/9/2009, 2,629 shares will vest on 7/9/2009, 2,629 shares will vest on 10/9/2009, 2,629 shares will vest on 1/9/2010, 2,629 shares will vest on 4/9/2010, 2,629 shares will vest on 7/9/2010, 2,629 shares will vest on 10/9/2010 and 2,635 shares will vest on 1/9/2011.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Narayanan Sean Suresh
1000 COMMERCE DRIVE
SUITE 500
PITTSBURGH, PA 15275
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Chief Delivery Officer-IT Svcs
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Signatures
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/s/ Sean Suresh Narayanan
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4/18/2008
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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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