UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 15, 2006
GARTNER, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
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1-14443
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04-3099750 |
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
P.O. Box 10212
56 Top Gallant Road
Stamford, CT 06902-7747
(Address of Principal Executive Offices, including Zip Code)
(203) 316-1111
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
TABLE OF CONTENTS
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 15, 2006, the Compensation Committee of the Board of Directors (the Compensation
Committee) of Gartner, Inc. (Gartner) approved 2006 annual long-term equity awards consisting of
Stock Appreciation Rights (SARs) and Restricted Stock Units (RSUs) for Gartners named executive
officers, as defined in Regulation S-K Item 402(a)(3), in the following amounts:
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Target Number of |
Name |
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Number of SARs |
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RSUs* |
Eugene A. Hall |
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400,000 |
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204,000 |
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Christopher Lafond |
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144,000 |
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48,000 |
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Robert C. Patton |
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72,000 |
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24,000 |
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Lewis G. Schwartz |
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72,000 |
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24,000 |
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Peter Sondergaard |
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72,000 |
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24,000 |
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* |
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Adjusted as described in narrative below. |
Stock Appreciation Rights. The Stock Appreciation Right Agreements provide for the grant of a
number of stock appreciation rights that will be paid in shares of Gartner common stock once the
applicable vesting criteria have been met. Assuming continued service through each vesting date,
the SARs vest in four equal annual installments, beginning on May 15, 2007. Upon payout of the
shares, the recipient must pay a purchase price per share equal to the value of Gartners common
stock on the date of grant of the SARs. Gartner will withhold a portion of the shares subject to
the grant to cover applicable tax withholding, unless Gartner requires or otherwise permits the
recipient to make alternate arrangements satisfactory to Gartner.
Restricted Stock Units. The Restricted Stock Unit Agreements provide for the grant of a
number restricted stock units that will be paid in shares of Gartner common stock once the
applicable vesting criteria have been met. The actual number of RSUs granted depends upon the
achievement of certain targets set by the Compensation Committee for Gartners 2006 Total Sales
Bookings for its Research segment. The actual number of RSUs may be between 0% and 200% of the
target number depending on whether and the extent to which the targets are achieved. Assuming
continued service through each vesting date, the RSUs vest in four equal annual installments,
beginning on May 15, 2007. If the Committee chooses in its discretion to accelerate the vesting of
any RSUs, those RSUs will still be paid upon the original vesting schedule. Upon payout of the
shares, the recipient must pay a purchase price per share equal to the par value ($.0005) of
Gartners common stock on the date of grant of the RSUs. Gartner will withhold a portion of the
shares subject to the grant to cover applicable tax withholding, unless Gartner requires or
otherwise permits the recipient to make alternate arrangements satisfactory to Gartner.
Stockholder Rights. SAR recipients and RSU recipients generally will not have any of the
rights of a Gartner stockholder, including voting rights and the right to receive dividends and
distributions, until after actual shares of Gartner common stock are issued in respect of the
award, which is subject to the prior satisfaction of the vesting and other criteria relating
to such grants.
The Forms of Stock Appreciation Right Agreement and Restricted Stock Unit Agreement are attached
hereto as Exhibit 10.1 and 10.2.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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10.1. |
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Form of Stock Appreciation Right Agreement |
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10.2. |
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Form of Restricted Stock Unit Agreement |