SEC Form 4 · accession 0001144204-16-094140
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
Apr 11, 2016
Accepted (ET)
Apr 13, 2016 · 5:00 pm EDT
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 share | Apr 11, 2016 | M | 13,000 | $19.76 | A | 115,270 | D | |
| Common Stock, par value $0.001 per shareF3 | Apr 11, 2016 | S | 13,000 | $50.9073 | D | 102,270 | D | |
| Common Stock, par value $0.001 per share | Apr 11, 2016 | M | 5,316 | $24.77 | A | 107,586 | D | |
| Common Stock, par value $0.001 per shareF3 | Apr 11, 2016 | S | 5,316 | $50.9073 | D | 102,270 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F5 | $19.76 | Apr 11, 2016 | M | 13,000 | D | — | Feb 3, 2021 | Common Stock, par value $0.001 per share | 13,000 | 0 | D |
| Employee Stock Options (right to buy)F6 | $24.77 | Apr 11, 2016 | M | 5,316 | D | — | Feb 7, 2022 | Common Stock, par value $0.001 per share | 5,316 | 27,184 | D |
Explanation of responses
- F1On April 11, 2016 the reporting person exercised previously issued options to purchase an aggregate of 13,000 shares of common stock of ExlService Holdings, Inc.
- F2This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.
- F3This transaction was executed in multiple trades at prices ranging from $50.68 to $51.24 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F4On April 11, 2016 the reporting person exercised previously issued options to purchase an aggregate of 5,316 shares of common stock of ExlService Holdings, Inc.
- F5On February 3, 2011, the reporting person was granted 32,500 stock options. 10 percent of these options became vested and exercisable on 2/3/2012, an additional 20 percent became vested and exercisable on 2/3/2013, an additional 30 percent became vested and exercisable on 2/3/2014, and the balance of 40 percent became vested and exercisable on 2/3/2015.
- F6On February 7, 2012, the reporting person was granted 32,500 stock options. 10 percent of these options became vested and exercisable on 2/7/2013, an additional 20 percent became vested and exercisable on 2/7/2017, an additional 30 percent became vested and exercisable on 2/7/2015, and the balance of 40 percent became vested and exercisable on February 7, 2016.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts.