SEC Form 4 · accession 0001144204-16-084744
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rembert de Villa
Officer — EVP
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 9:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297989
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Feb 24, 2016 | A | 6,000 | A | — | Feb 24, 2026 | Common Stock, par value $0.001 per share | 6,000 | 6,000 | D |
| Performance-Based Restricted Stock UnitsF1,F3 | — | Feb 24, 2016 | A | 6,000 | A | — | Feb 24, 2026 | Common Stock, par value $0.001 per share | 6,000 | 6,000 | D |
Explanation of responses
- F1Each restricted stock unit and performance-based restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.
- F2The restricted stock units will vest in four equal annual installments, beginning on February 24, 2017. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan (the "Plan"))
- F350% of the performance-based restricted stock units will cliff vest on December 31, 2018, subject to achievement of threshold revenues against an annual revenue target for such fiscal year, and the remaining 50% of the performance-based restricted stock units will cliff vest on December 31, 2018, based on the achievement of relative total stockholder return performance of the Company against a peer group, in each case subject to continuous employment and other conditions in the Plan. Vesting of some or all of the performance-based restricted stock units may be accelerated upon or in connection with the occurrence of a "Change in Control" as such term is defined in the Plan
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts.