SEC Form 4 · accession 0001144204-16-083076

ExlService Holdings, Inc. · EXLS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Pavan Bagai

Officer — President & COO

Period of report

Feb 13, 2016

Accepted (ET)

Feb 17, 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
Common Stock, par value $0.001 per share^F1,F2	Feb 13, 2016	M	2,300	—	A	101,856	D
Common Stock, par value $0.001 per share^F3	Feb 13, 2016	F	796	$43.78	D	101,060	D
Common Stock, par value $0.001 per share^F1	Feb 13, 2016	M	601	—	A	101,661	D
Common Stock, par value $0.001 per share^F3	Feb 13, 2016	F	208	$43.78	D	101,453	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 Units^F1,F4	—	Feb 13, 2016	M	2,300	D	—	—	Common Stock, par value $0.001 per share	2,300	8,050	D
Restricted Stock Units^F1,F5	—	Feb 13, 2016	M	601	D	—	—	Common Stock, par value $0.001 per share	601	602	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 total number of directly held shares indicated above has been adjusted to correct a prior inadvertent understatement due to administrative error.
F3The reporting person's restricted stock units reported in this report vested on February 13, 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 13, 2014, the reporting person was granted 11,500 restricted stock units, 10 percent of the restricted stock units became vested on February 13, 2015, an additional 20 percent of the restricted stock units became vested on February 13, 2016, an additional 30 percent of the restricted stock units will vest on February 13, 2017, and the remaining balance i/n/o 4,600 shares of the restricted stock units will vest on February 13, 2018.
F5On February 13, 2014, the reporting person was granted 1,804 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 601 restricted stock units became vested on February 13, 2015, an additional 601 restricted stock units became vested on February 13, 2016, and the remaining balance i/n/o 602 restricted stock units will vest on February 13, 2017.

Remarks

Mr. Oseni is the Company's Head of Administration and Accounts.