SEC Form 4 · accession 0001144204-16-080038
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vikas Bhalla
Officer — EVP & Head of Outsourcing
Period of report
Feb 7, 2016
Accepted (ET)
Feb 9, 2016 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297989
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | Feb 7, 2016 | M | 1,400 | — | A | 1,402 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 7, 2016 | F | 485 | $44.49 | D | 917 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 8, 2016 | M | 2,400 | — | A | 3,317 | D | |
| Common Stock, par value $0.001 per shareF3 | Feb 8, 2016 | F | 831 | $44.49 | D | 2,486 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 8, 2016 | M | 231 | — | A | 2,717 | D | |
| Common Stock, par value $0.001 per shareF3 | Feb 8, 2016 | F | 80 | $44.49 | D | 2,637 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F4 | — | Feb 7, 2016 | M | 1,400 | D | — | — | Common Stock, par value $0.001 per share | 1,400 | 0 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 8, 2016 | M | 2,400 | D | — | — | Common Stock, par value $0.001 per share | 2,400 | 3,200 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 8, 2016 | M | 231 | D | — | — | Common Stock, par value $0.001 per share | 231 | 0 | D |
Explanation of responses
- F1Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
- F2The reporting person's restricted stock units reported in this report vested on February 7, 2016. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.
- F3The reporting person's restricted stock units reported in this report vested on February 8, 2016. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.
- F4On February 7, 2012, the reporting person was granted 3,500 restricted stock units. 10 percent of the restricted stock units became vested on February 7, 2013, an additional 20 percent of the restricted stock units became vested on February 7, 2014, an additional 30 percent of the restricted stock units became vested on February 7, 2015, and the remaining balance i/n/o 1,400 restricted stock units became vested on February 7, 2016.
- F5On February 8, 2013, the reporting person was granted 8,000 restricted stock units. 10 percent of the restricted stock units became vested on February 8, 2014, an additional 20 percent of the restricted stock units became vested on February 8, 2015, an additional 30 percent of the restricted stock units became vested on February 8, 2016, and the remaining balance i/n/o 3,200 restricted stock units will vest on February 8, 2017.
- F6On February 8, 2013, the reporting person was granted 690 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 229 restricted stock units became vested on February 8, 2014, an additional 230 restricted stock units became vested on February 8, 2015, and the remaining balance i/n/o 231 restricted stock units became vested on February 8, 2016.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts.